This Cannabis Stock Broke Out Last Week On Monster Volume

Cronos Group had a big week last week moving higher on almost 40 million shares traded for the week. Average weekly volume currently is 7 million shares so this was over 5x average weekly volume. Explosive to say the least, and a sign of big money accumulating shares.

Notice how CRON formed a tight consolidation over the past few weeks right at the 30-week moving average and has started to break out higher.

This is a textbook Stage 2 continuation buy setup that other stocks in this space are also exhibiting.

(Click on image to enlarge)

 

Disclosure: I am long shares of CRON.

Disclaimer: The views and opinions expressed are for educational and informational purposes only, and should not be considered as investment advice. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.