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Zimmer Biomet Ho Set to Possibly Pullback After Yesterday's Rally of 2.56%

By Nick Russo

Zimmer Biomet Ho (NYSE:ZBH) traded in a range yesterday that spanned from a low of $146.76 to a high of $150.69. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $146.74 on volume of 306,000 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, shares of Zimmer Biomet Ho have traded between a low of $96.99 and a high of $150.69 and are now at $148.16, which is 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

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.

Keywords: rebounders zimmer biomet ho

Ticker(s): ZBH