Damn, I wasn't watching this close enough and got a pullback back to around $50 but missed my opportunity a little over a week ago.
Looks like they're working to keep this above the 50 ma. Two of the last three days, was down ~3% intraday but bounced 2% from the lows.
@anotherdevilsadvocate, are you invested in this one? We've been talking about it for awhile now and it's just kept going up, like both you and I thought it would. I hope you're making some money off it, because I stayed on the sidelines
I was in it til a week ago (for almost 3 months), I got shaken out when it tested the 50ma so soon again and I thought the market in general might be cooling off. A couple of technical warning signs I thought. But it was just a fakeout.
Nice job, glad you were making some money! I'd like to see a meaningful pullback so I can get back in. Hard to justify getting back in at a high...
Grubhub will deliver KFC and Taco Bell. Its stock is soaring Source: http://money.cnn.com/2018/02/08/news/companies/grubhub-kfc-taco-bell-yum/index.html You may soon be able to order KFC and Taco Bell to your doorstep via Grubhub. Yum Brands (YUMC) is partnering with the food delivery app Grubhub (GRUB) to deliver KFC and Taco Bell to your door, the companies announced Thursday.
Hoping for a dip to ~$85... Will be careful with entry though as there's a decent sized gap below to be filled. Hopefully the bounce off support will happen though, if it makes it down there of course.
Still watching this one for a meaningful dip. Could be sitting at support here from the 50MA, but I don't think there's nearly enough obvious upside at this price.
I've been in, and checking news on this. Seems they are in court for a case to decide if they can continue to treat their workers as "just" contractors (ie Grubhub would not be responsible for their insurance etc). Other Silicon Valley companies (eg Uber) are watching the case as well. Would be great if that gets resolved in the next 2 months. It's not going to be something that breaks the business, because restaurants are making a lot more money now that people are getting delivery.
Found support agreeing with this line, beware if it needs to test it again. There's a gap up to 110 that could be filled quickly for now. May be seeing a head and shoulders pattern eventually.
Watching this one again. If it can break through this resistance around $83ish, I think there's A LOT of room to run. First target would be the start of the gap at ~$96, then closing the gap to ~$109. Obviously very optimistically, there's a $145 target longer term, but my money would probably be out by then.
thank for the heads up on this one! that looks like a nice setup there. also, i just gotta say it is soooo good to see your charts/updates again T!
