Short
Grubhub (GRUB) Lost a Level. Short into Earnings.
Last week's analysis suggested that Grubhub could make an attempt to breakout in the form of a cup and handle. However, Thursday's action negated this potential. Instead, it's shaping up as a great short opportunity, especially with earnings being reported this upcoming Thursday (4/25).
If it's true that Q1 earnings are consistently featuring reduced guidance, it's likely that a weak report here will further accelerate their decline.
Target #1: 50
Target #2: 42
If it's true that Q1 earnings are consistently featuring reduced guidance, it's likely that a weak report here will further accelerate their decline.
Target #1: 50
Target #2: 42
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.