IPOs That Have It All Together
Amid constant market noise, it's always important to keep your eye on the ball. Stay organized and keep track of stocks holding up well during periods of market duress. Also, pay attention to stocks that are moving higher in heavy volume. Moves like these can often mark the start of big gains for stock, especially if we're talking about a newer company in the early stages of growth.
Zillow (Z) went public in July at $20 a share. It had a wild day of trading in its debut, hitting an intraday high of $60 before closing at $35.77. It's been in a consolidation ever since, but the stock broke out powerfully Thursday in heavy volume from a first-stage base. It closed at $40.40, just above a swing point of $39.48. Price action like this tells me the stock could be in the early stages of an upward move....433 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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