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Grubhub Inc Crosses Above its 10-day MA (GRUB)

By Shiri Gupta

Grubhub Inc (NYSE:GRUB) shares have crossed bullishly above their 10-day moving average of $75.70 on a volume of 259K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Grubhub Inc have traded between a low of $60.20 and a high of $149.35 and are now at $75.81, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Grubhub Inc on June 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.23. Since that recommendation, shares of Grubhub Inc have risen 3.7%. 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