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Zimmer Biomet Ho Set to Possibly Pullback After Yesterday's Rally of 1.81%

By Amy Schwartz

Zimmer Biomet Ho (NYSE:ZBH) traded in a range yesterday that spanned from a low of $122.83 to a high of $125.33. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $124.36 on volume of 869,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Zimmer Biomet Ho share prices have been bracketed by a low of $96.99 and a high of $134.55 and are now at $125.16, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Zimmer Biomet Ho on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.61. Since that recommendation, shares of Zimmer Biomet Ho have risen 16.4%. We continue to monitor ZBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders zimmer biomet ho

Ticker(s): ZBH