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Watch for Zillow Group I-A to Potentially Rebound After Falling 2.16% Yesterday

By David Diaz

Zillow Group I-A (NASDAQ:ZG) traded in a range yesterday that spanned from a low of $37.76 to a high of $38.87. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $37.96 on volume of 294,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Zillow Group I-A on February 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.63. Since that recommendation, shares of Zillow Group I-A have risen 12.4%. We continue to monitor ZG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Zillow Group I-A has traded in a range of $26.20 to $65.42 and is now at $37.83, 44% above that low. The 200-day and 50-day moving averages have moved 0.47% lower and 1.50% higher over the past week, respectively.

Keywords: rebounders zillow group i-a

Ticker(s): ZG