This Is Why Zillow (NASDAQ:Z) Is Bouncing

Zillow Inc (NASDAQ:Z) is bouncing today off the key $100 level. If you saw the chart, you would have expected it. Why? Simply look at the chart below and note the major support at the $100 level. If there was going to be a bounce in Zillow, this was going to be it. Will it bounce more? Yes, it should bounce back to $112+.

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com