Open Table Poised For a Killer Trading Day?

Following the market close on Thursday, Open Table

posted a 6.98 percent beat on EPS while matching revenue expectations at $42.97 million. The company also guided fiscal year 2013 sales between $186.1 and $193.1 million, satisfying investor expectations. With the fundamentals in place, shares looked poised for a rally in post market trading Thursday, but spiked downwards briefly instead, followed by an about-face and spike upwards. In the next few minutes they let out some air, and as the dust settled shares leveled out just below their opening price on Thursday at $50. Despite the lack of movement in the post-market on Thursday, the bullish release and the formation of a hammer on the stock's chart could provide the needed catalyst for a boost today. Add in the fact that the company sports a massive 30.88 percent short float and it would seem shares could be poised for a breakout. Looking forward, Open Table is strongly linked to Facebook's

as it will be one of many sources of data aggregated in the company's highly anticipated "social graph search". As such, continued success from the restaurant booking company bodes well for the data base for Facebook's new offering, and could be a bullish indicator for the social network's shares down the road. Shares of Open Table traded up roughly 1.5 percent in post-market trading Thursday to $50.00 per share.