jeffsuntrading

US Stock In Play: $SSTK (Shutterstock Inc)

Long
NYSE:SSTK   Shutterstock, Inc
$SSTK navigated its way back to its 7 years high of $103 this week, closing lower in the latest session at $101.46. The April rally of $SSTK coincides with breakout of a 2 months downtrend channel , along with price action reversal behavior along its 20DMA. The cumulative gain garnered from this momentous breakout amounted to +14.40% in 14 trading session.

Currently, $SSTK remains below its Tuesday high of $104.57 with a Bearish Shooting Star candlestick pattern. Any further rally of $SSTK into an all time high region would require $90 classical support range to hold for any imminent correction.

$SSTK a technology company, provides content, and tools and services in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations.

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