 GRUB is an FDN member stock, an ETF that I wrote about yesterday. See here for analysis. https://steemit.com/trading/@technicaltrader/internet-index-fund-fdn-price-analysis Given the weakness in FDN, I'm looking at the member stocks for signs of them moving lower. GRUB is sporting a mini H&S top and a quick look at the weekly chart (below), shows the trend channel has been broken and negative divergence has been confirmed.  I'm looking for a move down to the 38.2% retrace which happens to be just below 100 which often acts as big number support. It would take a move to new highs for me to consider a bullish outlook again.
| author | technicaltrader |
|---|---|
| permlink | grubhub-grub-price-analysis |
| category | trading |
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| created | 2018-10-10 17:28:39 |
| last_update | 2018-10-10 17:28:39 |
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| root_title | "GrubHub (GRUB) Price Analysis" |
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