Z breakout and gap entry

Discussion in 'Stocks' started by Stocks4life, Jan 7, 2013.

  1. Late Friday Z (Zillow Inc) decided to give us a confirmed breakout and upside gap entry.

    BREAKOUT CONFIRMED breakout above 29.32, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 32.87, 11% Stop: 28.27, Loss: 4.5%, Profit/Loss ratio: 2.5 : 1 - Good

    CURRENT PRICE 29.6, just above resistance, 28.54 ± 0.77, type single, strength 1

    RESISTANCE ABOVE +12.3% at 33.23 ± 0.9, type double, strength 4
    +22.5% at 36.25 ± 0.98, type double, strength 4
    +32% at 39.08 ± 1.06, type triple+, strength 8

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=Z
     
  2. Nice follow through today

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  3. Nice, love it.
     
  4. yes have to love the gap rocket stocks.
     
  5. Nice work!