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Zimmer Biomet Ho Falls 1.04% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Zimmer Biomet Ho (NYSE:ZBH) traded in a range yesterday that spanned from a low of $116.20 to a high of $118.75. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $117.51 on volume of 347,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Zimmer Biomet Ho and will alert subscribers who have ZBH in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Zimmer Biomet Ho share prices have been bracketed by a low of $95.63 and a high of $133.49 and are now at $116.50, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

Keywords: rebounders zimmer biomet ho

Ticker(s): ZBH