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Bearish Moving Average Cross by Zimmer Biomet Ho (ZBH)

By David Diaz

Today, shares of Zimmer Biomet Ho (NYSE:ZBH) have fallen below their 10-day MA of $137.16 on a volume of 169K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Zimmer Biomet Ho have traded between a low of $96.99 and a high of $140.53 and are now at $135.94, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Zimmer Biomet Ho on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.51. Since that recommendation, shares of Zimmer Biomet Ho have risen 15.6%. We continue to monitor ZBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zimmer biomet ho

Ticker(s): ZBH