Strong On High Relative Volume: Zillow (Z)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Zillow ( Z) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Zillow as such a stock due to the following factors:

  • Z has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $119.7 million.
  • Z has traded 391,153 shares today.
  • Z is trading at 2.86 times the normal volume for the stock at this time of day.
  • Z is trading at a new high 4.00% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on Z:

Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. It offers a portfolio of brands and products to help people find vital information about homes, and connect with local professionals.

The average volume for Zillow has been 1.4 million shares per day over the past 30 days. Zillow has a market cap of $3.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 2.10 and a short float of 43.5% with 12.69 days to cover. Shares are down 1.1% year-to-date as of the close of trading on Thursday.

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