ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Looking great

Agreed. Volume was very encouraging. The vast majority of technical indicators also still point to bullish trends continuing.

Support now way up to .1633, so that is re-assuring.

Resistance @ .1898 followed by .2007.

Only thing to keep an eye on is the RSI, of which the 14-day RSI hit 70 back at .1761, so it is starting to heat up. It doesn’t hit 80 until .2109, though, so that should also be a red flag when we get there, assuming it is not raised further by that time (of course, that would be a good problem to have, LOL)…

One final thought re: volume…

…For the past month, we have seen record volume of approx 14M shares. This blows away the previous record volume over a 4-week period, which was approx 12.4M shares traded during the height of the epic P&D in the summer of 2013…

…HOWEVER, what many retail investors often forget to adjust for is the actual dollars being invested/traded. Although we have traded 14M shares, this amounted to only approx $1.9M worth of capital. In contrast, the 12.4M shares traded during the P&D generated $7.3M…

…so there is still a lot of float and overhang to chew thru… …AND, it means that not as many TUTs are buying in as many think. But that isn’t a bad thing at all. For the sp to be where it is after a heck of a month, the less TUTs actually in it currently simply means that there will be more potential TUTs buying in after the 10K comes out and they see the Good Housekeeping Seal of Approval (i.e. the Independent Auditor’s Report) on Main Ave numbers for the first time...