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Cutera Inc Rises 23.92% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Cutera Inc (NASDAQ:CUTR) traded in a range yesterday that spanned from a low of $33.67 to a high of $38.88. Yesterday, the shares gained 23.9%, which took the trading range above the 3-day high of $33.52 on volume of 283,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cutera Inc share prices have moved between a 52-week high of $38.88 and a 52-week low of $12.32 and are now trading 192% above that low price at $36.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Cutera Inc and will alert subscribers who have CUTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cutera inc

Ticker(s): CUTR