thanks for the explanation, yet another viewYour point of using SH scores as a lagging indicator has been working for the past while.
Another place I like to get informatio is from Royal Action Direct , technical analysis.
They can display about 6 different charts.
The only one which appears to make sense is the
The stochastic oscillator . The oscillator appears on the chart in a lower panel and is bounded by 0 and 100. At 0, the current price is at the absolute low for a given period. At 100, the current price is the absolute high for the period. %K readings above 80 are generally considered overbought and readings below 20 are generally considered oversold.
Saying that the number could be similar to the SH score signal. it does lag the trading price and presently is just above 20 and rising.
This is not a long term indicator and can not be used to determin "entry points/exit", for those who are longer term investors.
It is a reletive indicator.
The reality is WRK has yet to gain any trend , up or down of significance. Since I am a buy & hold person, the indicator although fun to watch does not have me running for the door to buy or sell.
For those who do care: WRK is technically oversold right now, on the way up and should do so for the next week or so.
As we approch the end of Sept ( Q3) the specualtion will begin to rise as to Q3 numbers.that is well outside of any charts and will be what pulls the unit price up.
Jason also has an albatross to deal with. the put option is coming due within the next 3-4 months. That is a 80-90 million deal. Big by wrk standards.