Scores Holdings (SCRH)

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Scores Hldg Co Inc (SCRH) Shares Drop -37.50%

Posted by Nicholas Russell on December 10, 2018 at 9:30 am

https://richlandstandard.com/scores-hldg-co-inc-scrh-shares-drop-37-50/




Scores Hldg Co Inc (SCRH) shares are showing positive momentum over the past week as the stock has clocked in with gains of -37.50%. In taking a look at recent performance, we can see that shares have moved -80.00% over the past 4-weeks, -53.49% over the past half year and -77.78% over the past full year.

Investors looking to make big gains in the equity market may be looking to fine tune an existing strategy or create a whole new one. It may sound quite easy, buy low and sell high. Obviously, navigating the stock market typically entails much more than that. Identifying market tops and correction levels may be very difficult. Of course, it always hurts to take a loss, but figuring out how to shrink losses can help keep the ship afloat during turbulent market conditions. The situation for the average investor may vary greatly from one person to the next. Some investors will be working with a short-term plan, while other may be focused on a longer-term investment horizon. Goals may also vary from individual to individual. Keeping these goals in sight may help clear up the sometimes foggy investing waters, and provide clarity for creating a winning portfolio.

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 35.52, the 7-day is at 27.58, and the 3-day is spotted at 15.07 for Scores Hldg Co Inc (SCRH).

Investors may be tracking certain levels on shares of Scores Hldg Co Inc (SCRH). The current 50-day Moving Average is 0.01, the 200-day Moving Average is 0.01, and the 7-day is noted at 0.00. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

Traders may be relying in part on technical stock analysis. Scores Hldg Co Inc (SCRH) currently has a 14-day Commodity Channel Index (CCI) of -143.52. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

At the time of writing, the 14-day ADX for Scores Hldg Co Inc (SCRH) is 16.51. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

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