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Zillow(Z) is a real estate information marketplace. Zillow provides information about homes, real estate listings and mortgages, through its Website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals. This stock is trading up 6.2% at $37.81 in recent trading.
Today's Volume: 282,000
Average Volume: 284,166
Volume % Change: 87%
From a technical perspective, Z is soaring today on decent volume, and the stock has started to flirt with triggering a major breakout trade. That trade will hit once Z takes out some near-term overhead resistance at $36.60 and some past resistance at $37.99 with high volume.
Traders should continue to look for long-biased trades if Z can manage to move and close above those levels with volume that's near or well above 284,166 shares. If we get that action today, then watch for Z to trade into the mid-40s or higher in the near future.
Zillow shows up on a list of
13 Tech Stocks to Buy in 2012.