Groupon (GRPN) Shares Break Above $11 Level, Now Up 5+%

May 1, 2012 12:34 PM EDT
Shares of Groupon (Nasdaq: GRPN) seem to be breaking out over the last few minutes of trade although we are not hearing any news. After trading relatively flat for the last half of Tuesday morning's session, the stock price has now pushed above both the 50-day and 200-day SMAs. Groupon shares are now up over 5 percent to $11.26.

Volume is heavy so far in the afternoon session.


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