Shares of Zimmer Rise Above Previous 52-Week High
Shares of Zimmer (NYSE:ZMH) traded today at $74.36, breaking its 52-week high. So far today approximately 151,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
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.
In the past 52 weeks, shares of Zimmer have traded between a low of $54.96 and a high of $74.36 and are now at $73.70, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
Zimmer (NYSE:ZMH) is currently priced 1.3% above its average consensus analyst price target of $72.76. The stock should find initial support at its 50-day moving average (MA) of $67.51 and further support at its 200-day MA of $64.06.
SmarTrend recommended that subscribers consider buying shares of Zimmer on November 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.50. Since that recommendation, shares of Zimmer have risen 13.4%. 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