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Watch for Zillow Group I-A to Potentially Pullback After Gaining 1.07% Yesterday

By James Quinn

Zillow Group I-A (NASDAQ:ZG) traded in a range yesterday that spanned from a low of $56.78 to a high of $57.70. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $57.05 on volume of 220,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Zillow Group I-A on October 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.65. Since that recommendation, shares of Zillow Group I-A have risen 36.3%. We continue to monitor ZG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Zillow Group I-A share prices have been bracketed by a low of $31.17 and a high of $57.70 and are now at $57.38, 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 3.6% while the 50-day MA has advanced 2.0%.

Keywords: rebounders zillow group i-a

Ticker(s): ZG