GrubHub shares moved higher on fourth quarter results this week, but traders will be watching these levels following the retracement.
GrubHub stock broke out from an ascending triangle but may see some consolidation before a move higher.
Traders should watch these key levels after shares jumped nearly 20% on strong second quarter results.
Grubhub will offer its food delivery services on Groupon's platform.
Clear winners are emerging, says Merrill Lynch, including Facebook, Amazon and Expedia.
Analysts at Cowen & Co. foresee the market leader's growth outpacing that of the overall segment.
Analyst Brian Nowak foresees a weaker hold on the market and higher customer acquisition costs.
As consumers spend more time at home, companies like Sherwin-Williams and Netflix benefit.
Grubhub, Bloomin' Brands and Pinnacle Foods all beat their first-quarter estimates.
The food delivery app's anti-Trump CEO may see his company benefit from new tax policies.