On Friday, Zillow Group Cl C earned an upgrade to its Relative Strength (RS) Rating, from 87 to 94.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating at the beginning of a new climb.
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Zillow Group Cl C is still inside a buy range after moving past a 68.73 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 6%. Revenue rose from 13% to 17%.
The company earns the No. 8 rank among its peers in the Real Estate-Development/Operations industry group. Amrep Corp, CBRE Group and Alexander & Baldwin are among the top 5 highly rated stocks within the group.
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