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Zillow Group I-A: 52-Week High Recently Eclipsed (ZG)

By James Quinn

Shares of Zillow Group I-A (NASDAQ:ZG) traded today at $65.28, breaking its 52-week high. This new high was reached on below average trading volume as 60,000 shares traded hands, while the average 30-day volume is approximately 659,000 shares.

Zillow Group, Inc. provides e-commerce services. The Company provides information about homes, real estate listings, and mortgages through their website and mobile applications. Zillow serves homeowners, buyers, sellers, renters, and real estate professionals throughout the United States.

In the past 52 weeks, shares of Zillow Group I-A have traded between a low of $31.17 and a high of $65.28 and are now at $65.11, which is 109% above that low price. The 200-day and 50-day moving averages have moved 0.79% higher and 1.07% higher over the past week, respectively.

Zillow Group I-A (NASDAQ:ZG) is currently priced 14.2% above its average consensus analyst price target of $55.88. Zillow Group I-A shares have support at the 50-day moving average (MA) of $53.47 and additional support at the 200-day MA of $46.21.

SmarTrend recommended that subscribers consider buying shares of Zillow Group I-A on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.02. Since that recommendation, shares of Zillow Group I-A have risen 23.4%. We continue to monitor ZG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows zillow group i-a

Ticker(s): ZG