Shares of Zillow Group (Z) are confirming a major top on the daily chart. There is a Zillow topping tail stock chart alert for investors. This is a major top signal and reversal alert. As mentioned, it is also confirming today with a down day. Shares of Zillow have surged in 2020 from a low of near $20/share in March 2020 to a high yesterday of $112.49. This is a mammoth move in any stock, let alone a housing related name. With home prices spiking, a slow down is inevitable in the coming months. There are just too many buyers being priced out of the market. In addition, yields have spiked this week which means home loans will be more expensive. These factors added to the insanely overbought stock chart on Zillow, plus the Zillow topping tail stock chart make it an obvious sell-short trade for swing traders and investors. Look for downside to the $71.50 level before major support is found. This target should be achieved by late 2020 or early 2021.
Members of Gareth’s Verified Investing Alerts have closed out 166 swing trades already in 2020 for a net gain of 1,392.45%. Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE