Recent 52-Week High Exceeded in Shares of Zimmer (ZMH)
Zimmer (NYSE:ZMH) traded today at a new 52-week high of $88.20. Approximately 370,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
In the past 52 weeks, shares of Zimmer have traded between a low of $62.07 and a high of $88.20 and are now at $88.20, which is 42% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.
Zimmer has overhead space with shares priced $88.20, or 1.1% below the average consensus analyst price target of $89.17. The stock should find initial support at its 50-day moving average (MA) of $82.12 and further support at its 200-day MA of $77.91.
Zimmer Holdings, Inc. designs, develops, manufactures, and markets orthopaedic and dental reconstructive implants, spinal implants, trauma products and related surgical products. The Company also provides other healthcare related services. Zimmer markets its products in the United States and other countries around the world.
SmarTrend recommended that subscribers consider buying shares of Zimmer on September 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.53. Since that recommendation, shares of Zimmer have risen 6.5%. We continue to monitor ZMH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows zimmer