Above Resistance - Zimmer

Published on Sunday, 05 February 2012 16:36 Written by Christopher Lynn

New York, February 5th (TradersHuddle.com) - Shares of Zimmer Holdings, Inc. (NYSE:ZMH) closed the trading session at $62.51 just above calculated resistance at $61.89 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Zimmer Holdings, Inc. (NYSE:ZMH) designs, 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's stock was trading in a well defined range with support at $47.00 and resistance at $61.89, given that this range was broken traders will be closely monitoring the stock