NEW YORK (TheStreet) -- Shares of Zillow Group  (Z)  were advancing in early-afternoon trading on Thursday. 

The online real estate company late Tuesday reported better-than-expected results for the 2016 third quarter. 

Zillow posted earnings of 4 cents per diluted share, above Wall Street's expected 2 cents per share. Revenue was $224.59 million, higher than analysts' projected $221.86 million. 

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Zillow as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

Tech stocks are undergoing a nice correction here but some names have been defying the trend. Zillow reported robust earnings Tuesday night and the stock had a remarkable performance Wednesday with some pressure building all around it.

We see the channel but Zillow has now pushed out of it, leaping past resistance and looking to fill that gap from August. Moving Average Convergence Divergence (MACD) is now on a buy signal while momentum indicators show there is more gas left in the tank.

We like to move toward the names with the best relative strength -- Zillow counts as one of those.

Chris Versace and Bob Lang's "Chart of the Day: Zillow" originally published on 11/3/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now here.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates Zillow as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: Z

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