Shares of Zimmer (NYSE:ZMH) have bearishly opened below the pivot of $67.86 today and have reached the first support level of $67.25. Analysts will be watching for a cross of the next downside pivot targets of $66.87 and $65.88.
Potential upside of 6.6% exists for Zimmer, based on a current level of $67.04 and analysts' average consensus price target of $71.48. The stock should discover initial support at its 50-day moving average (MA) of $65.27 and subsequent support at its 200-day MA of $63.45.
Over the past year, Zimmer has traded in a range of $52.70 to $69.09 and is now at $67.04, 27% above that low. The 200-day and 50-day moving averages have moved 0.32% higher and 0.29% higher over the past week, respectively.
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.