Shutterstock Inc (NYSE: SSTK)

Shutterstock, Inc. operates as an online marketplace for commercial digital content imagery. It offers various photographs covering a range of subjects, including animals/wildlife, the arts, backgrounds/textures, beauty/fashion, buildings/landmarks, business/finance, celebrities, education, food/drink, healthcare/medical, holidays, nature, objects, people, religion, science, sports/recreation, technology, transportation; illustrations and vector art; curated premium imagery; and video footage for users engaged in video advertisements, commercial motion pictures, television programming, video games, interactive applications, and other video-based media.
Take a look at the 1-year chart of Shutterstock (NYSE: SSTK) below with added notations:

SSTK broke its $55 level of support back in July and the stock has been declining ever since. However, over the past two months the stock has fallen into a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
SSTK’s rectangle pattern had formed a $35 resistance (blue) and a $29 support (red). At some point the stock had to break one of those two levels, and last week SSTK broke the $29 support.

The Tale of the Tape: SSTK broke down from its rectangle pattern. The ideal short opportunity would be on a rally up to or near the prior $29 support. A break back above $29 could negate the forecast for a move higher.