This morning most investors are going to be focussed on those stocks which made strong gains last Friday and by that principle, the Rocky Mountain High Brands Inc (OTC: RMHB) could well be in play. Following a major announcement last Friday, the stock rallied strongly and delivered gains of 70%.
Management Restructuring
Rocky Mountain High Brands announced that it had opted for a management restructuring in addition to other programs with the aim of boosting the company’s capabilities and performance. In the news release, the company noted that the move would be the basis of a new era in its growth and launch a larger vision of its future.
It was revealed that the services of turnaround specialists had been retained who are experienced in restructuring public as well as private companies of all sizes.
Fresh Focus
As a result of the new strategy, a greater focus would be directed on cutting costs, cutting down debt and boosting customer service. Additionally, there would also be a renewed focus on raising funds which would aid in making the operations more efficient. The consultants hired by the company have strong track records in the realms of finance, manufacturing, sales and marketing. It remains to be seen if the Rocky Mountain High Brands can maintain its momentum this week.
| +/- EMA(20) | 0.0077 (-12.99%) |
| +/- SMA(50) | 0.0084 (-20.24%) |
| +/- SMA(200) | 0.0107 (-37.38%) |
| 5-Day Perf. | – |
| 1-Month Perf. | +34% |
| 3-Month Perf. | -52.14% |
| 6-Month Perf. | -50.37% |
| YTD Perf. | +148.15% |
| 1-Year Perf. | +17.54% |
| RSI(14) | 47.86 |
| ATR(14) | – |
| ADX(14) | 46.56 |
| Beta (5Y) | -2.76 |
