Canopy Growth Corp is a Canada-based multi-brand cannabis company. The canopy growth stock at https://www.webull.com/quote/nyse-cgc company is engaged in the business of producing and selling legal marijuana in the Canadian medical market. This is also focusing on producing and selling marijuana in the recreational market in Canada. These brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed’s commercial license is covering approximately 168,000 square feet that is one of the Smiths Falls facilities. This is allowing Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed’s built-out production capacity has over 10 climate controlled indoor growing rooms. Bedrocan is medical-grade cannabis. Ontario is a licensed company that is including over 30 vegetative and growing rooms, and over three dispensing rooms.
Top Four Stock Trades For Tuesday
It is one of the choppy weeks in the stock market before investors headed home for a long three-day weekend. There are extra days to looking at some top stock trades for next week.
- Alibaba (BABA)
Alibaba (NYSE) stock is falling by about 6% despite reporting strong earnings and revenue results. Despite the stumble, the charts still look constructive. BABA stock ran into a roadblock around $220 but held the backside of prior downtrend resistance (blue line) ahead of the print. After Friday’s shares were lost this level, as well the 20-day moving average.
- Beyond Meat (BYND)
Beyond Meat (NASDAQ) is a relatively quiet week. The canopy growth stock company is continued to form a narrowing wedge after its big post-earnings rally. First, earnings are out of the way that reaction was bullish. Second, there are fewer hurdles in the way on a breakout as opposed to a breakdown and it has the 20-day moving average coming into play at $122.40.
- Canopy Growth (CGC)
Canopy Growth (NYSE) is creating great moves today and even gave traders an excellent day-trading situation. Friday’s rally is interesting. On the one hand, GCC’s move is impressive and canopy growth stock is rotating over last month’s high. it’s coming into the 200-day moving average near $20 and the 200-week moving average near $21.80.
- Cronos Group (CRON)
Cronos Group (NASDAQ) is moving nicely too. Shares are also rotating over last month’s high. On the upside is looking for a gap-fill up toward $7.15, with the 200-day moving average and the $8 mark acting as more significant upside marks. This group can be moved intensely in both directions. If you want to know more stock information liketdoc stock, you can visit at https://www.webull.com/quote/nyse-tdoc.