Z (Zillow Group Inc) has broken down below below a bearish rising wedge pattern today. Z was posted as an unofficial short trade setup (first chart below) in the trading room last week: http://rightsideofthechart.com/members/rsotc/activity/12654/


As Zillow is scheduled to report earnings after the markets closes next Thursday, August 4th, it will remain an unofficial trade idea for now as that probably won’t give this stock enough time to reach the first price target before the earnings release (which is likely to cause the stock to gap one way or the other at the open of trading the next day).