Long Position on GRUB @ $43.00 on 2/26/2015 (Momentum)

GrubHub Inc. (GRUB) provides an online and mobile platform for restaurant pick-up and delivery orders in the United States.

It connects local restaurants with hungry diners in approximately 600 cities and focused on transforming the takeout experience.

The company operates GrubHub and Seamless Websites through grubhub.com and seamless.com.

It also offers GrubHub and Seamless mobile applications for iPhone, iPad, and Android devices; Seamless Corporate program that helps businesses address inefficiencies in food ordering and associated billing; Allmenus.com and MenuPages, which provide an aggregated database of approximately 275,000 menus from restaurants in all 50 states; and OrderHub and Boost tools. 

Shares, of this recent IPO, have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $29.86 - $45.80

Entry Point: $43.00

Stop Loss: $40.85

Target Price: $47.30

Updates

3/27/2015 1:45:59 PM

We are taking profits on GRUB at $45.00 after its 30 days expired.

Position closed on 3/27/2015 at price of $45.00 with a 4.65% gain in 29 days.

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