An update on Zillow (Z). (May 19, 2014)
I just want to look at Zillow ( NASDAQ:Z ) again, there’s really no reason to look anywhere else if you’re looking for a trade. This continues to work, its up at the top of the channel, like basically right around 101.00ish or so, which is where this has fallen in the past, but this is kind of a really shallow cup and handle. Once this starts breaking out you’re going see technicians start talking about it.
Right now all it is a high base, but my bet is that if the stock starts closing above today’s intraday high of 112.00, let’s just say once it starts going to say, 115.00, I think you’re going to really see this thing take off. My suggestion would be set a price alert there, also check it out around $95.00, $96.00. If this happens to fall below 100.00, this is a stock that you want to own.
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