A breakout to newhighs in this market condition are very for Zillow Group .
Buy pullbacks to this zone and target a retest of the high and use oversold readings of (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 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