http://www.youtube.com/watch?v=nJ8RaIk0RpA
It’s been a while since we looked at OPEN, particularly considering it peaked back in April 2011. The updated weekly chart below shows a potential base bottom breakout, with $53 likely needing to now turn into support. The stock seems to be off everyone’s radar nowadays, which certainly could be a sign that it is ready to make a comeback.
Also note the company is making strides to become more social.
Consider this piece from Mashable.com.
OpenTable is continuing its efforts to get more social by releasing a new Facebook app Thursday that gives restaurant-goers a way to share their dining history with friends.
The new app, called Places I’ve Eaten, lets users list and rate the restaurants they’ve been to, and those that they’d like to visit, as well as see the places that their friends have listed and rated. OpenTable lets you choose whether to keep your listing private, or make them available on Facebook for others to see.
The app also provides a simple mapping feature, so users can search for restaurants based on their rating, what they’re best known for (e.g. kid-friendly, scenic view, etc.) and the places your Facebook friends have visited. Each result includes a link to find a table, which directs you to OpenTable’s website.
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