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Zillow Group I-A Rises 1.31% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Zillow Group I-A (NASDAQ:ZG) traded in a range yesterday that spanned from a low of $39.94 to a high of $40.87. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $39.78 on volume of 77,000 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 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.74. Since that recommendation, shares of Zillow Group I-A have risen 19.9%. 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, shares of Zillow Group I-A have traded between a low of $31.17 and a high of $47.36 and are now at $40.20, which is 29% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.38% higher over the past week, respectively.

Keywords: rebounders zillow group i-a

Ticker(s): ZG