This Real Estate Stock Could See Some Serious Upside

Zillow stock pulled back to a supportive level on the charts

Mar 5, 2020 at 3:42 PM

Real estate app Zillow Group (NASDAQ:Z) was testing all-time high territory last week, and has just pulled back to around the $50-$52 level. Now 19% higher year-to-date, the tech name is outperforming the broader market. With this foundation in place, now looks like an opportune time for bulls to circle in.

Digging deeper, the majority of analysts still have tepid “hold” ratings on Zillow stock, leaving the door open for bullish attention. The security is also heavily shorted despite its run up the charts, with its short interest now accounting for 24% of its total available float.

Near-term premiums look attractive at the moment, based on the Schaeffer’s Volatility Index (SVI) of 54%, ranking in the 18th annual percentile.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this Z commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Follow @Schaeffers

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!

Special Offers from Schaeffer's Trading Partners