Zillow Group stock had its Relative Strength (RS) Rating upgraded from 75 to 86 Monday. Check out "Zillow Stock Builds On Breakout After Upgrade. Analysts Sees Positives Beyond Falling Rates," on why the stock made big moves Monday.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Zillow Group Stock A Buy?
Zillow Group stock has moved more than 5% past a 58.29 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The real estate technology company showed 0% earnings growth last quarter, while sales growth came in at 13%.
Zillow Group stock holds the No. 4 rank among its peers in the Internet-Content industry group. FirstService is the No. 1-ranked stock within the group.
