timwest
Long

BREAKOUT for Zillow Group - Z - Daily - Target $31.50

NASDAQ:Z   ZILLOW GROUP INC
305 0 12
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
Comment: 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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