Next Support Level for Zimmer (ZMH) is $72.41

Published on Mon, 03/18/2013 - 09:48
By Mallory Stone in Pivot alerts, ZMH, nyse:zmh, pivot alerts, zimmer

Zimmer (NYSE:ZMH) has opened bearishly below the pivot of $73.87 today and has reached the first level of support at $73.19. Analysts will be watching for a cross of the next downside pivot targets of $72.41 and $70.95.

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.

Zimmer (NYSE:ZMH) has potential upside of 7.8% based on a current price of $73.16 and analysts' consensus price target of $78.86. The stock should find resistance at its 50-day moving average (MA) of $73.93, as well as support at its 200-day MA of $66.34.

In the past 52 weeks, Zimmer share prices have been bracketed by a low of $57.46 and a high of $76.75 and are now at $73.16, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Unisys (NYSE:UIS) traded at a new 52-week low today of $21.09. Approximately 5.1 milli ...

TransCanada: 52-Week High Recently Eclip...

TransCanada (NYSE:TRP) traded at a new 52-week high today of $51.46. So far today appr ...

Recent 52-Week High Exceeded in Shares o...

Shares of Trinity Industries (NYSE:TRN) traded today at $46.17, breaking its 52-week hi ...

Watch for Continued Gains in Shares of S...

Shares of Sasol (NYSE:SSL) traded today at $60.69, breaking its 52-week high. So far t ...

Shares of China Petroleum & Chemical Ris...

China Petroleum & Chemical (NYSE:SNP) traded today at a new 52-week high of $98.89. Ap ...

Saia Looks to Continue to Trade Above it...

Shares of Saia (NASDAQ:SAIA) traded at a new 52-week high today of $47.94. So far toda ...

Watch for Continued Gains in Shares of R...

Robert Half International (NYSE:RHI) traded today at a new 52-week high of $53.08. So ...

RPC Looks to Continue to Trade Above its...

RPC (NYSE:RES) traded at a new 52-week high today of $24.50. So far today approximatel ...