Chart Request: Cutera Inc. (CUTR)

Andy asked the following about Cutera:

Can you take a look @ CUTR. What do you think that high volume reversal after earnings is saying?

What that long dark candle, which engulfed the two prior candles, says to me is that sellers took control that day in a big way. That day looks like a classic blow-off top to me. However, I am impressed with the way the stock has hung in there especially with the market being so weak the last couple of days. There’s a little pennant pattern being built that’s worth watching. There may also be a bit of support around 20. So I’d keep an eye on CUTR when & if the market makes an attempt to bounce.