timwest
Long

Zillow Inc - Z - Daily - Coming off a base with lower valuation

NASDAQ:Z   ZILLOW GROUP INC
440 1 4
Zillow is at the low end of its one year "valuation range" of 14-13 times sales. This PSR             is the Price-to-Sales-Ratio and is a measure of the market cap (Price) to the revenues (Sales) of the stock . It is a helpful measuring tool.

Zillow has unfurled and come under pressure after the announcement about merging with Trulia. Since then it has fallen from 150+ down to the 105 level.

CCI ( Commodity Channel Index ) is a pure technical measurement of price against its 21 day moving average) is turning up, which suggests that downside momentum is waning.

Earnings are due in early November. There is a key level of resistance up at the $125 level and a level I am targeting for a move higher from the 109 level now. I view downside risk as the $100 level. Upside of 15 pts, vs 9 pts of downside. I would be buying a drop to 103 also as that is a big support level also.

Tim

108.96 last 3:27PM EST 10/23/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
It took a lot longer and had a few sharp setbacks to lower levels, but ultimately was able to stay in this Zillow until it reached just shy of the target. Call options were the way to go to stay in when it gapped under 100 on earnings.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out