Let's order up some charts and indicators.
In this daily bar chart of GRUB, below, we can see the price action over the past 12 months. There is a rally and a decline but I want to focus on the last three months. Prices have moved sideways to slightly higher. GRUB is now above the bottoming 50-day moving average line but still way below the declining 200-day line.
The daily On-Balance-Volume (OBV) line has been inching up the past five weeks and the Moving Average Convergence Divergence (MACD) oscillator is back to the zero line. Further price gains from here should generate an outright go long signal in this indicator.
In this weekly bar chart of GRUB, below, we can see some positive signals. Yes, prices are below the declining 40-week moving average line but the decline since September held support around $70.
The weekly OBV line is pointed down but showed stability in December.
The MACD oscillator has narrowed and could soon cross to the upside for a cover shorts signal.
In this Point and Figure chart of GRUB, below, we can see that a trade at $83.91 will be an important upside breakout. A $100 price target is being projected.
Bottom line strategy: It looks like GRUB is ready to break out on the upside and this week's earnings release could be the fundamental catalyst. Risk below $75 if you go long. $100 is the first upside price target.