Rich Pharmaceuticals Inc., Initiates Its Climb, Looks To Grab Back Gains

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Checking in on the markets this Wednesday, February 25, 2015, we see futures pointing semi-south, almost at even. Yesterday’s indices continued their upward surge setting record levels, AGAIN. What else is new nowadays, right? This euphoric state is certainly addictive, but some traders urge to not get hooked.

RCHA is the prime example. And SMM has been watching it. Closely.

The stock appears to have bottomed out at .0014 in yesterday’s session, traders believe. On February 3, 2015, the stock went for approximately .001 cents a share. The very next day, the stock hit and closed at .015 cents. Calculate that. Following that, we pushed higher to the .017 level on February 5th. Since then, it’s been a steady sell off. Traders have been betting their cash doubling down as this stock continued its plummet into yesterday’s session of mind boggling lows. However, at the .0014 levels, the market witnessed a surge in the volume and what appeared to be loading up began and the market watched RCHA run to .0022, asking but not striking .0023.

The chart is beginning to draw what would appear to be a reversal wanting to begin its upward route. Traders are urged to keep in mind this stock is coming off .017 cent levels from merely 12 trading session ago. Since then, the stock has dropped to .0014 resting currently at .002 cents a share. Traders and investors are watching for this one to make a nice pop, making its tag towards its 50 and 100 day Simple Moving Averages (SMA). The 3 and 6 month graph of the stock indicates an RSI of approximately 29 showing this stock has been tortured, oversold, and mutilated by Wall Street. We started to see the upward run yesterday and believe we should continue to see that in today’s session.

The stock traded an amazing 182M shares in yesterday’s session while sitting on a 10-day average of 79M traded per session. A 22-day volume average of 55M per session is displayed by the stock currently. RHCA has a 52-week range of .0008-.455.

The stock has sucked the attention of much of Wall Street and we expect nothing different at today’s open. We would watch for some nice gains today on this one. Keep in mind this one made a surge initially over 1000% in one session. This is one of Wall Street’s hottest movers and shakers and has the ability to EXPLODE.

We’ll be watching this one closely and keeping you updated with any new developments. We promise. Until then, we’ll leave you with this nice picture.

6 Month Candle RCHA

Disclosure: None

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