Zillow Inc (Z), a provider of online real estate data that connects homebuyers with sellers and mortgage professionals via www.Zillow.com, rose over resistance today in a bottoming base on volume 137% over 50 day average volume. The following chart shows the daily trading action in the stock over the past eight months.
An initial public offering (ipo) in July, in its recent quarter, it reported an earnings increase of 108% year/year and sales up 250% year/year. With a forward P/E of 60 on 2013 estimates, and eps growth forecast up 130% in fiscal year 2013, the PEG ratio sits at 0.46 — not too bad for hyper-growth. Ipo’s have been showing strong relative strength lately. I like the security at the current price (around 37) with a 7% initial stop loss.