11Jul2:00 pmEST

Who's the King?

Despite the emergence of Redfin (RDFN), there can be little doubt that Zillow remains the real estate king of online listings, especially after the Zillow/Trulia merger a few years back. 

Furthermore, even as homebuilders have suffered through a steep correction and subsequent dead money period into the summer, the far, Zillow has remain unperturbed is continues to sport one of the cleaner charts in the entire market with bright growth prospects and an outside shot at being the target of a buyout from someone like AMZN. 

On the ZG daily chart, below, we can see the relative strength today after a weak open. The name came roaring back and is trying to hold steady even as the Dow meanders through this selloff and another World Cup semifinal match is underway.

I have been long ZG and ultimately want to see it eventually clear $65 for a meaningful breakout. But the action today reinforces the idea that Zillow is the real estate king and is likely to be for quite some time. 

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