Stock Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
SCORPIO BULKERS INC (NYSE:SALT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SALT
The long term trend has been DOWN since Mar 28th, 2018 at 7.000
The intermediate term trend has been DOWN since May 25th, 2018 at 7.325
The short term trend has been DOWN since Jul 12th, 2018 at 7.150
Smart Scan Analysis for SALT
Based on a pre-defined weighted trend formula for chart analysis, SALT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||8.45||Year High Date||2018-01-22|
|Year Low||6.5||Year Low Date||2018-04-04|
|52wk High||8.85||52wk High Date||2017-10-23|
|52wk Low||6.5||52wk Low Date||2017-09-13|