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Shares of Zimmer Rise Above Previous 52-Week High

By James Quinn

Shares of Zimmer (NYSE:ZMH) traded today at $94.00, breaking its 52-week high. So far today approximately 132,000 shares have been exchanged, as compared to an average 30-day volume of 956,000 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, Zimmer share prices have been bracketed by a low of $68.61 and a high of $94.00 and are now at $93.32, 36% 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 (NYSE:ZMH) has potential upside of 0.1% based on a current price of $93.32 and analysts' consensus price target of $93.38. Zimmer shares have support at the 50-day moving average (MA) of $90.37 and additional support at the 200-day MA of $82.25.

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 12.3%. 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

Ticker(s): ZMH