CoStar Group could breakout the USD 181.3 resistance in the short term.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 25% on the current year.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20 and 50-period, in daily data, and enclose the stock in an upward trend.

Investors could take a buying position once prices will be above the USD 181.3 resistance to target the USD 190 bullish trend line and by extension the USD 200. A stop loss will be positioned under the entry point.