Open Table (OPEN) Is At An Important Price Level

OpenTable (OPEN) is up roughly 200% in the past 12 months and over the past few weeks has put in a more concerning topping pattern thus far.  In December resistance at $83 was broken and now looks to be acting as support.  Valuation-wise one could well argue current levels are frothy.  Additionally, should prices slide below $83 and hence not far from the 50 dma (yellow line), the 200 dma (red line) could be a next attraction zone.  I'm watching this one for now.

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