Zillow and Trulia merged to form ZILLOW GROUP and now trades under the symbol Z. There are no charts published here at TradingView under the new Z symbol.
A breakout to newhighs in this market condition are very bullish for Zillow Group.
Buy pullbacks to this zone and target a retest of the high and use oversold readings of CCI(11) to buy and add on strength after corrections.
I think this is a great new trend and it likely will have a decent amount of time to rally. I would like to see more volume on the breakout that we are seeing today, but I think it is a sign that there are a few buyers and the sellers are cleared out of the way. New buyers would have to drive up the price very fast to find stock to buy.
Zillow - Z - 29.80 last
Tim 3:17PM EST Wed Oct 7, 2015
A breakout to newhighs in this market condition are very bullish for Zillow Group.
Buy pullbacks to this zone and target a retest of the high and use oversold readings of CCI(11) to buy and add on strength after corrections.
I think this is a great new trend and it likely will have a decent amount of time to rally. I would like to see more volume on the breakout that we are seeing today, but I think it is a sign that there are a few buyers and the sellers are cleared out of the way. New buyers would have to drive up the price very fast to find stock to buy.
Zillow - Z - 29.80 last
Tim 3:17PM EST Wed Oct 7, 2015
Note
Target reached earlier at 31.50-Trade closed: target reached
Looks like someone upgraded the stock. It traded plenty of stock up at 31.50
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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.