TradingView
Reallifetrading
Aug 17, 2015 1:11 PM

How does this ZU look pre-market? Long

Description

ZU - up huge premarket. Gapping above a strong resistance and clearing the 200 SMA. For a day trade, this is probably gapping too far to play today. However, give this a week or two... and one could buy the bounce. IF ZU pulls back to 17.52 (could do a limit buy off of that). DOUBT that ZU pulls all the way back to $15 but if it does, great buying location on the swing level.

On a Dow Theory level, this appears to be gapping out of an accumulation phase. :)
Comments
Reallifetrading
Appears ZU is a buy out... finance.yahoo.com/news/liberty-interactive-buy-online-retailer-121528791.html Likely won't move too much.
More