Score 9.4 (out of 10): STRYKER CORP poised to seasonally rally by +10.6% during the next 90 days.

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What’s Going On Here?

STRYKER develops surgical and medical products and the stock has just broken the 200 day moving average, which is often a negative sign. However, it can also mean the stock is testing its uptrend. Orthopedic sales grew +16.1% in Q3, hitting $1.5bn. Morgan Stanley has raised the share’s price target to $305 (vs. $254 currently).

Why Now?

STRYKER CORP indicates an interesting 90 days seasonal set up. During similar occasions, STRYKER CORP shares had a median return of +10.6% – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for STRYKER CORP received a high score of 9.4 (out of 10). This insight was generated with last price of 254.54.

What’s This Company About?

STRYKER CORP is in the Medical Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 11.9% more (average). Ticker symbol: SYK US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 281.5 (+10.6%) has been reached. Based on STRYKER CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 241.24 (last price at 254.54), which is equivalent to a -5.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

4.4% (November-2021), 10.1% (November-2020), 14.2% (November-2019), 3.7% (November-2018), 12.5% (November-2017), 1.4% (November-2016), 5.9% (November-2015), 11.1% (November-2014), 17.9% (November- 2013), 15.2% (November-2012)

Historical Chart:

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Summary:

Name STRYKER CORP
ViewUp
Star (1 to 10)9.4
Target+10.6%
Time90 days
Hit Rate100%

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