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Cutera Inc. (CUTR) soared 21.01% Tuesday after the company reported a better-than-expected second-quarter net income. CUTR shares are more than doubling in the last 12 months. This is bullish from a technical perspective. In fact, a closer look at the weekly chart of CUTR suggests that the stock has embarked on a rally that should test 34.50 at minimum but has overshoot target above 41. Just so that you know, initially profiled in our March 17, 2017 “Swing Trader BulletinCUTR had gained about 55% and remained well position. Below is an update look at a trade in CUTR.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

Chart 1.1 – Cutera Inc. (weekly)

Our “U.S. Market Trading Map” rates CUTR as a Buy. The overall technical outlook remains Bullish. Last changed October 2016 from neutral. Over the past few weeks, CUTR has been trending lower in a short-term corrective mode as it worked off overbought conditions. The late June correction found support near the 23.6% Fibonacci retracement of the 2016-2017 upswing. Tuesday’s massive rally pushed the stock above the June high, signified…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.


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