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Bullish Moving Average Cross by Zimmer Biomet Ho (ZBH)

By Nick Russo

Zimmer Biomet Ho (NYSE:ZBH) shares have crossed bullishly above their 10-day moving average of $139.28 on a volume of 192K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Zimmer Biomet Ho have traded between a low of $96.99 and a high of $143.57 and are now at $139.73, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Zimmer Biomet Ho on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.51. Since that recommendation, shares of Zimmer Biomet Ho have risen 16.2%. We continue to monitor ZBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zimmer biomet ho

Ticker(s): ZBH