Commodities and Gold

Look at the Charts

Until the Big Cannabis cultivators start showing Wall Street solid operating numbers, they’ll remain the territory of short-sellers and swing traders. At the moment, the swing favors the bulls.

Canopy Growth Corp. (NYSE:CGC) is up a healthy 5.8% this week. More importantly, it has tested and proved that it can hold 50-day support above $16.70.

That’s now the floor that cannabis bears need to respect. They tried to push CGC below that line this week and failed.

If CGC can successfully recover the 200-day trend as well, the giant in the industry may be ready to launch a more sustained rally. That’s only another 5% leap from here.

Likewise, while Tilray Corp. (NASDAQ:TLRY) surged a healthy 15% this week, I see room for at least another 6% in upside before the bulls hit serious resistance.

There’s an opportunity to make a little easy money here. And if TLRY clears $8.48, the stock has a lot of open skies above. We just have to get there first.

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).