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Shutterstock: Broke a 4 year bearish trend-line. Potential Targe

Long
Shutterstock, Inc. (NYSE:SSTK)  
InvestingScope  
NYSE:SSTK   Shutterstock, Inc.
Trend Analysis Chart Patterns Technical Indicators shutterstock SSTK usstocks stocktrading stockinvesting investing
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trendanalysis chartpattern indicator shutterstock sstk usstocks stocktrading stockinvesting investing
SSTK broke the Lower High trend-line that has been keeping the stock bearish since September 2016. The 1D chart may be overbought already (RSI = 88.635, MACD = 3.340, ADX = 68.722) and rightly so, but the 1W chart still has considerable room to expansion. Our moderate Target is 62.00 with the top one being at 74.40.



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