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After Yesterday's Rally of 24.82% Shares Could Potentially Pullback

By David Diaz

Zillow Group I-A (NASDAQ:ZG) traded in a range yesterday that spanned from a low of $35.97 to a high of $38.74. Yesterday, the shares gained 24.8%, which took the trading range above the 3-day high of $34.61 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Zillow Group I-A share prices have moved between a 52-week high of $65.42 and a 52-week low of $26.20 and are now trading 43% above that low price at $37.47 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Zillow Group I-A and will alert subscribers who have ZG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders zillow group i-a

Ticker(s): ZG