ZBH pushes through previous session high


Zimmer Biomet Holdings Inc. (ZBH) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

ZBH closes above its opening price after recovering from early selling pressure
ZBH closes higher for the 4th day in a row
ZBH pushes through previous session high
ZBH rises to highest close since July 19, 2017
ZBH ends the day indecisive

Overview

Moving higher for the 4th day in a row, ZBH ended the week 5.08% higher at 130.07 after gaining $0.41 (0.32%) today. Today's closing price of 130.07 marks the highest close since July 19, 2017. Trading up to $0.84 lower after the open, the stock managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 129.92, the market confirms its breakout through the prior session's high having traded $0.66 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ZBH as at Sep 14, 2018):

Daily technical analysis candlestick chart for Zimmer Biomet Holdings Inc. (ZBH) as at Sep 14, 2018

Friday's trading range was $1.77 (1.37%), that's slightly below last trading month's daily average range of $1.94. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

2,017's high at 133.49 is within reach and we could see further upside momentum should Zimmer Biomet manage to break out past.


Market Conditions for ZBH as at Sep 14, 2018

Loading Market Conditions for ZBH (Zimmer Biomet Holdings Inc.)...
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ZBH finds buyers at key support level

Dec 10, 2018
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