hit the ball out of the park during yesterday's earnings, and the
stock is up by more than 26% this afternoon.
ChartWatch highlighted the company last week. In fact, I
labeled it one of the best housing stocks, and expected the
move above $30
As previously mentioned, the big area to watch was the two
support zones (in blue). TRLA found support exactly where
expected. The $24 level should be incredible long-term support
given today's ascent, although I doubt the shares will make their
way back down any time soon.
This chart shows the price of
shares along with important support levels to monitor.
Trulia remains a cheap stock, despite a 100% rally from
November. I think it can hit $36 before the year is through.
Though the company does not generate positive income, it's a
sales-growth machine - as I
mentioned to readers
. Revenue ripped 75% higher last year. Moreover, the company
generates positive operating cash flow and had positive EBITDA.
The company's largest revenue source comes from subscriptions.
Real estate agents pay a fee to gain exposure to Trulia's 23
million users. So revenue per subscriber is the most important
metric to track because it confirms the value of Trulia's service
- and it was up big again in the most recent quarter.
Trulia is truthfully one of my favorite stocks. I acted on that
opinion, too. I advised readers of my
Top Stock Insights
service to purchase the stock Tuesday morning - ahead of today's
This is actually the second earnings trade conducted in our
portfolio this season. The first was
, which later ripped 5.5% higher after reporting positive results
and increased guidance.
Top Stock Insights
has 21 positions in the portfolio and 17 show gains - six of
which are up by more than 25%.
Equities mentioned in this article: TRLA, QCOM
Positions held in companies mentioned above: