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Bearish Moving Average Cross by Grubhub Inc (GRUB)

By Shiri Gupta

Today, shares of Grubhub Inc (NYSE:GRUB) have crossed bearishly below their 10-day moving average of $128.59 on a volume of 228K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Grubhub Inc have traded between a low of $49.60 and a high of $141.06 and are now at $126.64, which is 155% above that low price. The 200-day and 50-day moving averages have moved 1.20% higher and 1.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Grubhub Inc on July 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.53. Since that recommendation, shares of Grubhub Inc have risen 13.6%. We continue to monitor GRUB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses grubhub inc

Ticker(s): GRUB