ZIMMER HOLDINGS
(ZMH-NYSE):
Technical Viewpoint: From a low
of $35.20 on Aug 29, 2002 prices
rallied, reaching a
high of $39.00
on Sep 6, 2002. A
decline saw prices pull back, reaching a
low of
$36.15 on Sep 17, 2002.
Another rally saw prices penetrate
resistance, closing 9/19/02
at $38.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 29, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.25. Resistance: Is at $39.45.
Point & Figure: Reversed to the upside on Sep 18, 2002. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! ZIMMER HOLDINGS
(ZMH-NYSE) @ $38.88 Stop: Use a protective stop of $37.00.
ZIMMER HOLDINGS is currently trading @ $38.36 plus $0.73 on Sep 19, 2002. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.13. Today's Risk Reward Ratio: 4:1
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