• Return to Headlines

Zillow Group I-A Bearish Moving Average Crossover Alert (ZG)

By Amy Schwartz

Today, shares of Zillow Group I-A (NASDAQ:ZG) have crossed bearishly below their 10-day moving average of $48.78 on a volume of 146K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Zillow Group I-A has traded in a range of $26.20 to $65.42 and is now at $48.47, 85% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Zillow Group I-A on May 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.75. Since that recommendation, shares of Zillow Group I-A have risen 30.1%. We continue to monitor ZG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses zillow group i-a

Ticker(s): ZG