Zillow May Be Coming to LifeZillow has been in a tight range for months, but now it may be coming to life.
The first pattern on today’s chart is the April 2 close of $71.29. Z closed above it last week and is extending the move, which may confirm a breakout.
Second, prices pushed above the rising 200-day simple moving average. That may reflect a bullish long-term trend in the housing tech stock.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those signals may be consistent with short-term bullishness.
Finally, Bollinger Band Width hit a two-year low last week. Could that price compression give rise to expansion?
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