When putting together your watch list, look for stocks with an 80 or higher RS Rating. Zillow Group Cl A now meets that criteria, with a jump from 78 to 85 Thursday.
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IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest runs.
Zillow Group Cl A is now considered extended and out of buy range after clearing a 76.88 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth fell last quarter from 14% to 3%. But revenue moved higher, from 13% to 15%.
The company earns the No. 11 rank among its peers in the Real Estate-Development/Operations industry group. Newmark Group, Grupo Aeroportuario ADR and Colliers International are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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