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Zimmer Biomet Shares Rally Above 200-Day Moving Average

Zimmer Biomet shares experienced a significant jump, crossing above the 200-day moving average at $108.22. The stock is trading up about 2%, indicating potential positive momentum for investors.

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AI Rating:   7

Stock Performance Insights

In the report, Zimmer Biomet Holdings Inc (Symbol: ZBH) traded above its 200-day moving average, which is a positive technical indicator often associated with bullish market sentiment. The shares moved as high as $108.58, reflecting an upward movement of approximately 2% on that trading day.

The report describes ZBH's 52-week range, noting a low of $97.69 and a high of $133.90, with the last trade recorded at $107.96. This indicates that the stock is currently positioned closer to its high point, suggesting a robust performance over the past year.