It failed to break out of a rising wedge, then it failed to break out of an ascending triangle, and now it found support at 30$. With all intents and purposes the chart and indicators look really bad and set to go down further. The wildcard is the ER. The only reason I'm neutral. I can see them harping on their recent acquisition of grubhub and forecasting large future revenues which will affect overall sentiment. If they announce future acquisitions in the works it would be icing on the cake. Personally I'm not going to open a position until after ER and because it lands midweek I'd purchase a calendar spread to cut my call/put cost. like if you like so i can do more :)