Is Groupon (GRPN) Ready to Breakout? - Tale of the Tape

By
A A A

Groupon Inc (GRPN) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for GRPN broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 18.2% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.



GROUPON INC (GRPN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: GRPN

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

25,022,742
  • $15.535 ▲ 0.10%
21,579,009
    $69.40 unch
18,647,216
  • $94.149 ▲ 0.22%
17,749,667
  • $3.80 ▲ 0.53%
16,373,825
  • $44.9072 ▲ 0.16%
15,156,089
  • $2.47 ▲ 11.76%
15,005,654
  • $10.075 ▼ 1.13%
14,466,752
  • $34.485 ▲ 1.25%
As of 7/22/2014, 11:38 AM