OpenTable Squeezing Up to Fresh Intraday Highs

OpenTable, Inc. (OPEN) continues to surge on Friday as ticker demonstrates relative strength against broader market pull back. The shares are higher on the session by more than 4%, currently trading above $72 p/sh. OPEN has been on fire in 2010, gaining more than 156%. The stock, whose market cap currently stands at $1.66 billion, has recently rallied along the support of its $64.96, 50-day MA, pushing through former resistance at the mid-$67 level.

OPEN trades at a trailing P/E of 142.47, a forward P/E of 69.32, and a P/E to growth ratio of 2.

More than 567K shares have traded hands so far into the session versus 12-week day average volume of 686,000 shares.

At last check, OPEN shares were up $3.16 to $72.22, a gain of 4.60%.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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