OPEN - open air to the low $50s

With the broader market seeing some weakness, - especially in the momo stocks, OpenTable (OPEN) saw further very significant declines, settling -3.3% @ $64.24. Near term outlook offers opportunity of a bounce/back test to the $70 threshold, before $50 later this summer.


OPEN, daily

OPEN, weekly

Summary

*I have little interest in trading this one, but it is one I keep an eye on.
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Suffice to say...if the broader market can rally into May, then OPEN has a fair chance of a bounce to the $68/70 zone, before a renewed wave lower.

Of course, that will largely be dependent on earnings, but..price action is suggestive OPEN is headed lower this summer.

Earnings are due this Thursday, after the close.