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Next Support Level for Zimmer (ZMH) is $72.41

Published on Mon, 03/18/2013 - 09:48
By Mallory Stone

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

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