$GRUB - GrubHub Holding Support, Breakout Imminent
GGRUB - GrubHub continues to hold the upward trend line, expecting a breakout within the next 1-2 weeks leading up to ER late October. GrubHub has maintained a great record of earnings beats over the last year, assuming this continues we could see $170 by the end of October post-earnings release.
Adding to the bullish sentiment, there was a deep-in-the-money ~7M bullish bet today via Jan'19 $67.50 calls with ~1,100 purchased for ~7k per contract.
Near term target - $150
Medium term (post-ER) target - $170
Note: Informational analysis, not investment advice.
Adding to the bullish sentiment, there was a deep-in-the-money ~7M bullish bet today via Jan'19 $67.50 calls with ~1,100 purchased for ~7k per contract.
Near term target - $150
Medium term (post-ER) target - $170
Note: Informational analysis, not investment advice.
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.