Syncubate

Zillow Breaks Below Key Chart Support

NASDAQ:Z   ZILLOW GROUP INC
For detailed commentary and analysis, see our blog post published 9/27/2014: http://www.syncubate.com/blog/2014/9/26/zillow-breaks-below-key-chart-support

Last week, Z tagged the $123 support area and bounced off of it, to close the week out at $130.97. However, there was no carry-over in bullish momentum. The stock has since fallen below $123, finishing Friday's trading session at $121.75.

Friday's close is significant in that the $123 level had been fiercely defended by the bulls on the weekly chart multiple times since June, as noted by the blue arrows.

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