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After Yesterday's Rally of 6.14% Shares Could Potentially Pullback

By Shiri Gupta

Grubhub Inc (NYSE:GRUB) traded in a range yesterday that spanned from a low of $53.86 to a high of $56.06. Yesterday, the shares gained 6.1%, which took the trading range above the 3-day high of $53.36 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Grubhub Inc share prices have moved between a 52-week high of $55.65 and a 52-week low of $28.36 and are now trading 96% above that low price at $55.60 per share. The 200-day and 50-day moving averages have moved 0.58% lower and 0.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Grubhub Inc on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.74. Since that recommendation, shares of Grubhub Inc have risen 26.1%. We continue to monitor GRUB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders grubhub inc

Ticker(s): GRUB