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Watch for Grubhub Inc to Potentially Pullback After Gaining 28.04% Yesterday

By Shiri Gupta

Grubhub Inc (NYSE:GRUB) traded in a range yesterday that spanned from a low of $46.61 to a high of $63.95. Yesterday, the shares gained 28.0%, which took the trading range above the 3-day high of $49.50 on volume of 13.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Grubhub Inc have traded between a low of $29.35 and a high of $80.25 and are now at $59.91, which is 104% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

Keywords: rebounders grubhub inc

Ticker(s): GRUB