On Friday, Zillow Group Cl C reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 88 the day before.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out of a proper consolidation.
Zillow Group Cl C reported 0% EPS growth in its most recent report, while sales growth came in at 13%. Look for the next report on or around Nov. 6.
Zillow Group Cl C holds the No. 11 rank among its peers in the Real Estate-Development/Operations industry group. Amrep Corp, CBRE Group and FirstService are among the top 5 highly rated stocks within the group.
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