Caught A Contact High on Canopy Growth Corporation
This is a quick performance review of Canopy Growth Corporation : (CGC) which we looked at in our blog post "Investing in Weed Stocks - Researching Marijuana Companies".
A Nice Gain
The entire industry has been down this year. We caught the last push before the stock began to drawdown. If you bought the stock after we looked into it you would have gained anywhere from 13-23% over the next month and a half.
Since this was a quick analysis of a bunch of stocks in the same industry no technical analysis was done. Had we done the technical analysis we would have suggested waiting for a lower price. Currently, the RSI of CGC is where we want it to begin averaging in if are interested in doing so.