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Long

Continuation of the bullish trend

BATS:CSGP   COSTAR GROUP INC
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CoStar Group has still an uptrend and is going toward its highest level.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are ready to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 82.4 short term support. This trend should allow the stock to reach its USD 99.8 long term resistance, which will be the first target price

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