Zimmer Biomet Holdings, Inc. (ZBH)

Purchase Info

Stock Price History

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Our View

Zimmer Biomet is a medical devices company formed out of a merger, back in 2015, between two major orthopedic companies Zimmer and Biomet. The company designs, manufactures, and markets orthopedic products like shoulder, elbow, knee, hip, ankle joints, and dental prostheses. The orthopedic business has sticky customers due to high switching costs. Therefore, Zimmer Biomet has a strong moat to power its long-term growth.

The 10-year monthly chart for Zimmer Biomet shows a clear uptrend. The stock had its most significant fall in during the first three months of 2020, when the price fell by about 50%. During this down-move, the price broke the historical resistance level at around $130 and the bottom of the long-term trend. However, starting April, the price rose almost 80% and went past the $130 resistance zone as well. The stock now looks poised to test $150+ levels near the top of the long-term trend. Stop loss can be placed at around $105.

Position taken today at $132.04 with stop loss 20.36% below at $105.  Medium term take profit set at $158 giving a return of 20%

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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