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Zillow Group I-A Crosses Above its 10-day MA (ZG)

By James Quinn

Today, shares of Zillow Group I-A (NASDAQ:ZG) have crossed bullishly above their 10-day moving average of $46.41 on a volume of 118K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Zillow Group I-A have traded between a low of $31.17 and a high of $65.42 and are now at $46.63, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zillow Group I-A on July 30th, 2018 by issuing a Downtrend alert when the shares were trading at $57.23. Since that call, shares of Zillow Group I-A have fallen 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zillow group i-a

Ticker(s): ZG