Grubhub Inc. : We anticipate a reversal
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$39.98 | $1 | $37.2 | -97.5% |
Financial forecasts are encouraging, large growth rate are expected for sales and operating income. The stock current valuation shows a +24% potential to reach the consensus average target price. Moreover, none analyst is on the “sell” side.
Lead by a great momentum, the stock came on contact with the USD 47.2 resistance, before dropping briskly near the USD 38.3. Then the share has undertaken a rebound on its significant short term support. Technical indicators such as RSI suggest that this spurt is very likely to go on.
Consequently, investors may open a long position at current prices and target the USD 46 long term resistance. A stop loss order should be triggered at USD 37.2.