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Recent 52-Week Low Surpassed in Shares of Grubhub Inc (GRUB)

By Nick Russo

Shares of Grubhub Inc (NYSE:GRUB) traded today at $59.60, breaking its 52-week low. So far today approximately 653,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

There is potential upside of 67.9% for shares of Grubhub Inc based on a current price of $59.60 and an average consensus analyst price target of $100.10. The stock should run into initial resistance at its 50-day moving average (MA) of $71.93 and subsequent resistance at its 200-day MA of $74.74.

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.

In the past 52 weeks, Grubhub Inc share prices have been bracketed by a current low of $59.60 and a high of $149.35 and are now at $59.60. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

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: 52 week high/lows grubhub inc

Ticker(s): GRUB