DSchutz

Grubhub - Potential Short

NYSE:GRUB   GRUBHUB INC
Nasty bearish engulfing on today’s daily close. Needs to slide a little lower before it’s really tempting, but if we see a significant break below support around 66 or 67, with no traps or reversals, there may be a great opportunity to short. Would reassess each day thereafter, but with a target cover near the gap fill around 52 or 53.

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