The Hourly View for GRPN
Currently, GRPN (Get Ratings)’s price is down $-0.53 (-1.06%) from the hour prior. GRPN has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GRPN’s Technical Outlook on the Daily Chart
At the time of this writing, GRPN’s price is down $-1.61 (-3.15%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows GRPN’s price action over the past 90 days.
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The post Groupon Inc (GRPN): Price Now Near $49.53; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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