I published this chart in October and now Zillow has pulled back to the levels where I had suggested to look for a re-entry for a re-test of the high near $33.50. Zillow is quite volatile and moves 6% per day, which is 3 times the volatility of the overall market.
The risk from here is a move under $25 or 10% lower while upside is for a move up to $33 or a bit more than 20% for ratio of 2:1 (measured potential/ measured risk).
Look for relative strength to the overall market to confirm a long position in Zillow.
Zillow.com and Trulia.com are the leading real estate websites in the USA. They merged and trade under the symbol Z and ZG.
Tim
9:14AM EST 11/2/2015
The risk from here is a move under $25 or 10% lower while upside is for a move up to $33 or a bit more than 20% for ratio of 2:1 (measured potential/ measured risk).
Look for relative strength to the overall market to confirm a long position in Zillow.
Zillow.com and Trulia.com are the leading real estate websites in the USA. They merged and trade under the symbol Z and ZG.
Tim
9:14AM EST 11/2/2015
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.