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Recent 52-Week High Exceeded in Shares of Zimmer (ZMH)

Published on Tue, 01/22/2013 - 15:37
By Robert Cotter

Zimmer (NYSE:ZMH) traded at a new 52-week high today of $74.12. Approximately 669,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, Zimmer share prices have been bracketed by a low of $54.96 and a high of $74.12 and are now at $73.69, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

Based on a current price of $73.69, Zimmer is currently 1.3% above its average consensus analyst price target of $72.76. The stock should find initial support at its 50-day moving average (MA) of $67.32 and further support at its 200-day MA of $64.02.

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.

By Robert Cotter
rcotter@fnno.com