Stryker Corp - Daily

Stryker is expected to report its quarterly earnings in after hours trading, it is expected to report quarterly earnings of $2.23 a share on revenue of $4.47bn.

Stryker is expected to report its quarterly earnings in after hours trading, it is expected to report quarterly earnings of $2.23 a share on revenue of $4.47 billion. From a technical aspect the stock is currently trading at $229.20 a share. Towards the upside, resistance sits at $230.64 then at $232.52 then at $236.60. A break above these resistance levels could see the stock recover some of the losses obtained since April this year. Towards the downside, support sits at $224.55 then at $219.32 then at $216.39. A break below these support levels could see the share price drop towards the $200-$210 price range. Looking at the indicators, MACD is positive and RSI reads 66, overall both positive. But, RSI is edging closer to the ‘overbought’ territory.