OpenTable (OPEN) – 11-15-2013

November 15, 2013 · Filed Under Bullish, Growth, Swing Trades · Comments Off on OpenTable (OPEN) – 11-15-2013 

It’s been a while since I’ve actively looked for stocks since the market has been pretty much straight up for the past year, allowing me to ride the same stocks for an extended period.  There are a lot of interesting things popping up that I haven’t posted about before, so I’ll try refreshing the watch list over the next few weeks since I want to be ready when the current bull run finally ends.  There have been a few signs of weakness and it’s only matter of time before one of the corrections turns into a slightly bigger correction since it’s been about 2 years from the last real down period.

One interesting stock is OPEN, which has been running with the bulls for the entire stretch, but is on a fresh breakout with good volume and earnings to back it.  A pullback to the mid-70s should have some support that will be very playable on a minor correction.  If the market keeps going up, I like the long term prospects of this one too.