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Recent 52-Week High Exceeded in Shares of Grubhub Inc (GRUB)

By Amy Schwartz

Grubhub Inc (NYSE:GRUB) traded today at a new 52-week high of $116.88. This new high was reached on below average trading volume as 602,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

GrubHub, Inc. operates an online and mobile platform for restaurant pick-up and delivery orders. The Company's platform assists diners in searching for local restaurant, tracking the order, and re-order for convenience. The Company operates within the United States and the United Kingdom.

Based on a current price of $115.66, Grubhub Inc is currently 13.5% above its average consensus analyst price target of $100.10. Grubhub Inc shares have support at the 50-day moving average (MA) of $101.88 and additional support at the 200-day MA of $79.49.

Over the past year, Grubhub Inc has traded in a range of $41.35 to $116.88 and is now at $115.66, 180% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Grubhub Inc on May 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.15. Since that recommendation, shares of Grubhub Inc have risen 7.3%. We continue to monitor GRUB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows grubhub inc

Ticker(s): GRUB