RCHA Sells Off On Massive Volume In Yesterday’s Session

Rich Pharmaceuticals Inc. (OTC:RCHA) sold off on massive volume of about 189M shares traded in yesterday’s session down over -32% to finish the day at .0019. This comes after a previous sell off whereby RCHA ate roughly -66% loss in the prior trading session. The stock has been getting pummeled lately. Investors are watching for a spring back in today’s session. We’ll be keeping our eye on this one as well. RCHA has a 52-week high of .455 on April 7th, 2014 and a 52-week low of .0008 on February 3rd, 2015. The stock has 662M shares outstanding and a float of 544M. Its 22-day average traded volume is 47.5M per session.

RCHA is indicating a Relative Strength Index (RSI) on the stock of 46.43 yesterday at the close. Technically speaking, we are approaching the oversold territory. Again, watch for this stock to have a nice knee-jerk reaction shortly perhaps followed by a little run.

We will keep you posted.

RCHA stock

Disclosure: None

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