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Byline: David Saito-Chung
Stryker cleared a seven-month cup with handle in mid-October and climbed 14% to as high as 69. The stock then slid back to near its pivot point. It's working on a new base.
The Kalamazoo, Mich.-based firm makes a wide range of medical and surgical products, including replacement joints, cervical and spinal implants, arthroscopy instruments, patient room furniture and heavy-duty surgical systems.
Earlier this month, Stryker said its orthopedic implant division has received pre-market approval from the Food and Drug Administration for its ceramic-on-ceramic hip replacement. Before this approval, …