Breakout and Gap Stocks


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

By FoxEpedia
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