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Bearish Moving Average Cross by Grubhub Inc (GRUB)

By David Diaz

Grubhub Inc (NYSE:GRUB) crossed under its 10-day moving average of $64.17 on a volume of 114K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Grubhub Inc share prices have moved between a 52-week high of $149.35 and a 52-week low of $55.61 and are now trading 14% above that low price at $63.40 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Grubhub Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Grubhub Inc in search of a potential trend change.

Keywords: moving crosses grubhub inc

Ticker(s): GRUB