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Watch for Grubhub Inc to Potentially Pullback After Gaining 2.29% Yesterday

By Shiri Gupta

Grubhub Inc (NYSE:GRUB) traded in a range yesterday that spanned from a low of $109.50 to a high of $111.58. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $110.75 on volume of 419,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Grubhub Inc has traded in a range of $43.01 to $120.07 and is now at $111.28, 159% 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 is tracking the current trend status for Grubhub Inc and will alert subscribers who have GRUB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders grubhub inc

Ticker(s): GRUB