MichaelGLamothe

Former resistance turning into support for GRUB at $40

NYSE:GRUB   GRUBHUB INC
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$GRUB is trying to maintain support at the $40 level. This area served as resistance from the end of July through the end of August. After that GRUB broke through and the $40 level has since been an area of support. So far today that level has been successfully tested and is creating a pretty good reward:risk trade to play this as a bounce off support or a bounce off the 50dma.
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