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Major volume today!
GNCP is going to be amazing! $$MONEY$$ $$MONEY$$ $$MONEY$$ $$MONEY$$
It should have the payment to tggi on it right? Be nice if they say what for..
Come on matt, get off your fat ass and address TGGI shareholders with that news that supposedly wasn't the actual news you were talking about on Jan 10th. Acting like you had follow-up news coming any day from the way the Jan 10th PR was written. Been Almost 5 months later. You think you would have had released that news by now. Clearly, you had news that already existed but decided to keep it from us for 5 months after reminding us of it. I want to know why you even mentioned "this isn't the news I mentioned coming earlier" on Jan 10th like you had news already ready to release the next day or week. Don't believe anything Matt says regarding time frames or upcoming news. He wants you to hold while he and his Florida pump boy crew dump shares.
All these news articles on ACB released in the last 24 hours are looking amazing!
ACB is Primed and ready. $$$$$ACB$$$$$$
Cannabis market to reach 155 billion by 2026 globally
https://www.marketwatch.com/press-release/cannabis-market-2019-global-analysis-opportunities-and-forecast-to-2026-2019-04-25
Q1 fins gonna confirm 2018 was no fluke. .28 coming soon.
Signs An Aurora Cannabis Technical Breakout May Be Imminent
Today 1:43 PM ET (Benzinga)Print
Aurora Cannabis Inc (NYSE: ACB) is off to a hot start to 2019, but the stock is still trading well below its 2018 highs. The stock has been trading in a very narrow range for roughly a month now, and technical traders are anticipating a breakout in one direction or another in the near future.
Technical Trends
Aurora shares have been trapped in a narrow horizontal trading range between around $8.50 and $9.25 since mid-March. For a stock with a history of extreme volatility, Aurora has been stuck in an extended low-volatility consolidation period.
Aurora last tested the top of the consolidation channel April 22 when it closed at $9.23 before turning lower once again. It bounced off the bottom of the channel when it closed at $8.50 on April 15 and then bounced after opening at the same level the following day.
Despite the extended breather, Aurora shares are sitting on overall year-to-date gains of 81.7 percent, giving bulls reason for optimism the stock is simply digesting the large move before making new highs.
A look at a longer-term chart shows Aurora shares have been in a bullish trading channel since December of last year, when the stock bottomed at around $4.50. Aurora is currently trading near the bottom of that longer-term bullish channel, suggesting a bounce could be coming in the near future.
Since that time, Aurora has made a series of higher highs and higher lows, the trademark of a bullish trend. Its most recent high was $10.32 back in March.
Levels To Watch
Sometime in the next week or two, one of the two trading patterns must break. The support line of the bullish longer-term channel is converging with the resistance line of the shorter-term neutral trading channel forming an ascending triangle pattern. The ascending triangle pattern typically results in a bullish breakout to new highs when the rising support line eventually forces the stock above the resistance line.
In the near term, Aurora traders should watch the key near-term support level at $8.50, the bottom of the consolidation channel. A breakout below $8.50 would take out both the neutral technical support line and the bullish longer-term support line. Below $8.50, the next potential support level would be February lows of around $6.70.
If Aurora trades higher in the coming days, a breakout above $9.25 could put the stock back on track to test 2019 highs of $10.32 in the near term. In the longer-term, the stock’s all-time high of $12.52 could be the last source of major resistance keeping the stock from a blue sky scenario.
$9 feels like a steal right now.
CGC has a $80 price target. ACB should will be trading in the $12 range in a month IMO.
$$$$$$$$$$$$$$$$$$$$ only a matter of time for POTN $$$$$$$$$$$$$$$$
*$*
$$$$$$$$$$$$$$$$ POTN $$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$ DIAMOND CBD $$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$ TOMMY CHONG $$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$ LIQUID GOLD $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Those dividends will be sweet! Easiest second income ever. Like winning that scratch n win. Win for life. I'm cool with monthly or quarterly dividend checks! Annual divies will work too. Own enough ACB shares, you could probably quit your job and live off the dividend checks.
These little price drops are just the big guys manipulating more shares for themselves. I'm sure a lot of people plan on selling in the 10's and 11's. I think that's when they will shake off a lot of people from the real gains. Hold tight. $15 then $20, $30, $40, and someday $100 or more is coming. ACB is the Cream of the Crop. Expecting share buy backs and mad divies from the biggest dealer of Premium quality cannabis in the world by 2020.
Good post
Quality!
If you use margins with TD the past month, you don't have to worry about a margin call if you invested in ACB with it. Usually they are on your ass red alerting your profile about margin call if they don't like your investments or your accounts performance real quick. They view ACB a safe bet. They are the 7th biggest shareholder of ACB. They might let even new investors use margin for many months if your using it to buy for ACB. They are giving people a shot in life that maybe the war on Drugs stole from them. They know ACB is a winner. The worlds biggest weed supplier with the most advanced technology is a easy bet to bet on.
Holder
Amount
Position Size
($ in 1000's)
As of
Vanguard Group Inc
20,336,188
$100,868
12/31/2018
Morgan Stanley
9,028,046
$44,779
12/31/2018
ETF Managers Group LLC
7,761,498
$40,454
12/31/2018
Norges Bank
6,227,763
$30,915
12/31/2018
AQR Capital Management LLC
5,103,247
$25,333
12/31/2018
Credit Suisse AG
4,512,960
$22,384
12/31/2018
TD Asset Management Inc.
3,355,590
$16,657
12/31/2018
JPMorgan Chase & Co.
1,605,873
$13,955
12/31/2018
Public Sector Pension Investment Board
2,562,100
$12,719
12/31/2018
Sumitomo Mitsui Trust Holdings Inc.
2,314,964
$12,087
12/31/2018
Swiss National Bank
2,307,665
$11,467
12/31/2018
JW Asset Management LLC
2,164,207
$10,734
12/31/2018
D. E. Shaw & Co. Inc.
2,112,800
$10,504
12/31/2018
Bank of New York Mellon Corp
1,313,762
$6,517
12/31/2018
Royal Bank of Canada
$6,493
12/31/2018
Call
845,000
$4,191
12/31/2018
ACB
499,167
$2,476
12/31/2018
Put
35,000
$174
12/31/2018
Bank of America Corp DE
1,213,796
$6,021
12/31/2018
The Manufacturers Life Insurance Company
938,602
$4,656
12/31/2018
Connor Clark & Lunn Investment Management Ltd.
892,050
$4,428
12/31/2018
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp
488,200
$3,310
12/31/2018
Deutsche Bank AG
626,715
$3,105
12/31/2018
State of Wisconsin Investment Board
600,300
$2,980
12/31/2018
Legal & General Group Plc
573,404
$2,847
12/31/2018
CIBC Asset Management Inc
543,681
$2,701
12/31/2018
Bank of Nova Scotia
511,492
$2,537
12/31/2018
Toronto Dominion Bank
509,743
$2,535
12/31/2018
Newtyn Management LLC
500,000
$2,480
12/31/2018
Goldman Sachs Group Inc.
435,423
$2,160
12/31/2018
Seeyond
363,749
$1,806
12/31/2018
Commonwealth Equity Services LLC
329,013
$1,631
12/31/2018
Virtu Financial LLC
162,575
$1,473
03/31/2019
Waratah Capital Advisors Ltd.
293,200
$1,454
12/31/2018
Group One Trading L.P.
$1,425
12/31/2018
Call
322,700
$1,601
12/31/2018
Put
35,400
$176
12/31/2018
Aviva PLC
277,135
$1,378
12/31/2018
CIBC World Markets Inc.
267,127
$1,325
12/31/2018
Jane Street Group LLC
257,659
$1,279
12/31/2018
Pictet Asset Management Ltd.
255,549
$1,269
12/31/2018
Millennium Management LLC
255,236
$1,266
12/31/2018
Cambridge Investment Research Advisors Inc.
217,809
$1,081
12/31/2018
CWA Asset Management Group LLC
213,000
$1,056
12/31/2018
Kessler Investment Group LLC
113,254
$1,026
03/31/2019
Hellman Jordan Management Co. Inc. MA
200,000
$992
12/31/2018
AMP Capital Investors Ltd
182,316
$950
12/31/2018
LPL Financial LLC
175,420
$870
12/31/2018
Wedbush Securities Inc.
95,597
$866
03/31/2019
Commerzbank Aktiengesellschaft FI
169,815
$842
12/31/2018
Citadel Advisors LLC
$807
12/31/2018
Call
262,500
$1,302
12/31/2018
Put
130,600
$648
12/31/2018
ACB
30,907
$153
12/31/2018
Zurcher Kantonalbank Zurich Cantonalbank
150,538
$747
12/31/2018
Scotia Capital Inc.
136,482
$677
12/31/2018
Advisor Group Inc.
132,077
$655
12/31/2018
Citigroup Inc.
131,654
$654
12/31/2018
Ontario Teachers Pension Plan Board
115,445
$574
12/31/2018
Janus Henderson Group PLC
114,859
$570
12/31/2018
Creative Planning
113,720
$564
12/31/2018
Private Advisor Group LLC
110,998
$551
12/31/2018
Geode Capital Management LLC
107,728
$515
12/31/2018
Mn Services Vermogensbeheer B.V.
113,000
$491
12/31/2018
Great West Life Assurance Co. Can
98,950
$486
12/31/2018
Oppenheimer & Co. Inc.
92,528
$459
12/31/2018
QCI Asset Management Inc. NY
86,159
$427
12/31/2018
Truvestments Capital LLC
44,844
$406
03/31/2019
Gerber Kawasaki Wealth & Investment Management
80,184
$397
12/31/2018
G&S Capital LLC
41,576
$377
03/31/2019
Beutel Goodman & Co Ltd.
75,000
$373
12/31/2018
Voya Financial Advisors Inc.
68,165
$357
12/31/2018
Sfmg LLC
69,199
$343
12/31/2018
HighTower Advisors LLC
64,914
$318
12/31/2018
Blueshift Asset Management LLC
60,619
$301
12/31/2018
Stratos Wealth Partners LTD.
59,379
$295
12/31/2018
Alliancebernstein L.P.
57,924
$287
12/31/2018
Ladenburg Thalmann Financial Services Inc.
53,963
$267
12/31/2018
Shell Asset Management Co.
51,965
$258
12/31/2018
UBS Group AG
49,477
$245
12/31/2018
First Republic Investment Management Inc.
49,215
$244
12/31/2018
Regal Investment Advisors LLC
47,487
$236
12/31/2018
Nordea Investment Management AB
33,609
$228
12/31/2018
Korea Investment CORP
45,948
$228
12/31/2018
Cetera Advisors LLC
45,119
$222
12/31/2018
Bruderman Asset Management LLC
40,470
$201
12/31/2018
Cetera Advisor Networks LLC
40,825
$191
12/31/2018
Graham Capital Management L.P.
38,000
$188
12/31/2018
Sawtooth Solutions LLC
37,919
$188
12/31/2018
HighPoint Advisor Group LLC
26,884
$186
12/31/2018
Russell Investments Group Ltd.
35,455
$184
12/31/2018
QCM Cayman Ltd.
36,818
$183
12/31/2018
Mercer Global Advisors Inc. ADV
36,423
$181
03/31/2019
Harvest Investment Services LLC
19,353
$177
03/31/2019
BB&T Securities LLC
34,375
$170
12/31/2018
McAdam LLC
18,103
$164
03/31/2019
1832 Asset Management L.P.
32,608
$163
12/31/2018
National Asset Management Inc.
30,713
$153
12/31/2018
Nwam LLC
16,369
$148
03/31/2019
Ingalls & Snyder LLC
15,600
$141
03/31/2019
MML Investors Services LLC
28,069
$139
12/31/2018
IPG Investment Advisors LLC
25,978
$138
12/31/2018
Nikulski Financial Inc.
15,000
$136
03/31/2019
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main
25,700
$134
12/31/2018
Signition LP
26,594
$132
12/31/2018
North Star Investment Management Corp.
14,300
$130
03/31/2019
Ameriprise Financial Inc.
24,636
$129
12/31/2018
Winslow Evans & Crocker Inc.
13,910
$128
03/31/2019
Mycio Wealth Partners LLC
13,634
$124
03/31/2019
Stephens Inc. AR
24,929
$124
12/31/2018
Wolverine Trading LLC
$120
12/31/2018
Call
96,400
$504
12/31/2018
Put
73,400
$384
12/31/2018
Texas Yale Capital Corp.
24,014
$119
12/31/2018
Intercontinental Wealth Advisors LLC
23,916
$119
12/31/2018
Flagship Harbor Advisors LLC
13,011
$117
03/31/2019
M&T Bank Corp
23,600
$117
12/31/2018
Alpha Cubed Investments LLC
22,990
$114
12/31/2018
Traynor Capital Management Inc.
12,498
$113
03/31/2019
Edmond DE Rothschild Holding S.A.
22,800
$113
12/31/2018
Guardian Capital Advisors LP
12,125
$109
12/31/2018
Gulf International Bank UK Ltd
11,669
$105
03/31/2019
Janney Montgomery Scott LLC
20,482
$102
12/31/2018
Envestnet Asset Management Inc.
19,519
$97
12/31/2018
American Asset Management Inc.
10,647
$96
03/31/2019
Intl Fcstone Inc.
10,455
$95
03/31/2019
Lincoln National Corp
19,019
$94
12/31/2018
First Allied Advisory Services Inc.
19,244
$94
12/31/2018
Actinver Wealth Management Inc.
18,875
$94
12/31/2018
Vicus Capital
18,842
$93
12/31/2018
Brookstone Capital Management
10,145
$92
03/31/2019
Spectrum Asset Management Inc. NB CA
10,000
$91
03/31/2019
Independent Advisor Alliance
17,326
$86
12/31/2018
Liberty Wealth Management LLC
9,391
$85
03/31/2019
Ameritas Investment Corp
17,062
$85
12/31/2018
SeaCrest Wealth Management LLC
17,110
$85
12/31/2018
Farmers & Merchants Trust Co of Chambersburg PA
9,220
$84
03/31/2019
Regions Financial Corp
9,080
$83
03/31/2019
Glassman Wealth Services
16,261
$81
12/31/2018
Resource Management LLC
15,708
$77
12/31/2018
Mutual Advisors LLC
15,313
$76
12/31/2018
K.J. Harrison & Partners Inc
15,135
$75
12/31/2018
AE Wealth Management LLC
15,006
$74
12/31/2018
Financial Advocates Investment Management
4,763
$74
12/31/2018
Hsbc Holdings PLC
14,649
$73
12/31/2018
Jefferies Group LLC
14,700
$73
12/31/2018
BNP PARIBAS ASSET MANAGEMENT Holding S.A.
13,831
$72
12/31/2018
Griffin Asset Management Inc.
14,216
$71
12/31/2018
J. L. Bainbridge & Co. Inc.
14,299
$71
12/31/2018
Stratos Wealth Advisors LLC
13,705
$68
12/31/2018
NEXT Financial Group Inc
13,462
$67
12/31/2018
Fifth Third Bancorp
13,145
$65
12/31/2018
Roosevelt Investment Group Inc.
12,710
$63
12/31/2018
United Capital Financial Advisers LLC
12,783
$63
12/31/2018
Candriam Luxembourg S.C.A.
12,405
$62
12/31/2018
Boston Advisors LLC
12,300
$61
12/31/2018
Highlander Capital Management LLC
11,800
$59
12/31/2018
FDx Advisors Inc.
11,838
$59
12/31/2018
ProVise Management Group LLC
11,635
$58
12/31/2018
United Asset Strategies Inc.
11,615
$58
12/31/2018
Cornerstone Wealth Management LLC
11,792
$58
12/31/2018
Prestige Wealth Management Group LLC
11,620
$58
12/31/2018
Plancorp LLC
11,500
$57
12/31/2018
RFG Advisory LLC
11,263
$56
12/31/2018
Williams Jones & Associates LLC
11,104
$55
12/31/2018
Moloney Securities Asset Management LLC
10,820
$54
12/31/2018
Gladstone Institutional Advisory LLC
10,842
$54
12/31/2018
Canton Hathaway LLC
5,900
$53
03/31/2019
Evanston Investments Inc. dba Evanston Advisors
10,724
$53
12/31/2018
Usca Ria LLC
10,700
$53
12/31/2018
Brave Asset Management Inc.
10,559
$52
12/31/2018
Capital Analysts LLC
10,250
$51
12/31/2018
RPG Investment Advisory LLC
5,475
$50
03/31/2019
Honkamp Krueger Financial Services Inc.
10,077
$50
12/31/2018
Boston Private Wealth LLC
10,000
$50
12/31/2018
Baldwin Brothers Inc. MA
8,000
$40
12/31/2018
First Manhattan Co.
4,400
$39
03/31/2019
Tower Research Capital LLC TRC
7,100
$35
12/31/2018
Trustcore Financial Services LLC
6,622
$33
12/31/2018
Compagnie Lombard Odier SCmA
6,000
$30
12/31/2018
Advisory Services Network LLC
5,800
$29
12/31/2018
Financial Management Professionals Inc.
3,061
$28
03/31/2019
Carroll Financial Associates Inc.
3,075
$27
03/31/2019
NewDay Solutions LLC
5,000
$25
12/31/2018
US Bancorp DE
4,880
$24
12/31/2018
Captrust Financial Advisors
4,829
$24
12/31/2018
Focused Wealth Management Inc
4,920
$24
12/31/2018
Mosaic Family Wealth LLC
4,877
$24
12/31/2018
Valeo Financial Advisors LLC
2,561
$23
03/31/2019
Barclays PLC
4,685
$23
12/31/2018
CWM LLC
2,467
$22
03/31/2019
Kistler Tiffany Companies LLC
2,290
$21
03/31/2019
FinTrust Capital Advisors LLC
4,110
$21
12/31/2018
Capital Financial Planning LLC
4,000
$20
12/31/2018
Capital Investment Advisory Services LLC
3,815
$19
12/31/2018
Pin Oak Investment Advisors Inc.
3,530
$18
12/31/2018
Gradient Investments LLC
1,884
$17
03/31/2019
Synovus Financial Corp
3,313
$17
12/31/2018
Wealthcare Advisory Partners LLC
3,173
$16
12/31/2018
Ropes Wealth Advisors LLC
1,655
$15
03/31/2019
Edge Wealth Management LLC
1,572
$14
03/31/2019
Macroview Investment Management LLC
2,750
$14
12/31/2018
Hanson McClain Inc.
2,564
$13
12/31/2018
TCI Wealth Advisors Inc.
1,357
$12
03/31/2019
Arcadia Investment Management Corp MI
2,425
$12
12/31/2018
Northwestern Mutual Wealth Management Co.
2,484
$12
12/31/2018
Winch Advisory Services LLC
2,500
$12
12/31/2018
Valley National Advisers Inc.
2,189
$11
12/31/2018
Massey Quick Simon & CO. LLC
1,094
$10
03/31/2019
LS Investment Advisors LLC
2,000
$10
12/31/2018
River Wealth Advisors LLC
2,000
$10
12/31/2018
CNB Bank
2,000
$10
12/31/2018
Stone House Investment Management LLC
1,020
$9
03/31/2019
Northern Oak Wealth Management Inc.
1,799
$9
12/31/2018
Benjamin F. Edwards & Company Inc.
1,850
$9
12/31/2018
Nelson Van Denburg & Campbell Wealth Management Group LLC
1,930
$9
12/31/2018
Plante Moran Financial Advisors LLC
1,673
$8
12/31/2018
AllSquare Wealth Management LLC
1,680
$8
12/31/2018
Truewealth LLC
1,623
$8
12/31/2018
Gables Capital Management Inc.
1,558
$8
12/31/2018
First Financial Corp IN
750
$7
03/31/2019
PNC Financial Services Group Inc.
1,700
$7
12/31/2018
Optimum Investment Advisors
1,340
$7
12/31/2018
Roble Belko & Company Inc
1,392
$7
12/31/2018
WealthTrust Arizona LLC
1,177
$6
12/31/2018
Fusion Family Wealth LLC
1,174
$6
12/31/2018
Huntington National Bank
500
$5
03/31/2019
Glenmede Trust Co. NA
1,182
$5
12/31/2018
Lee Financial Co
1,000
$5
12/31/2018
WealthTrust Fairport LLC
981
$5
12/31/2018
Signaturefd LLC
984
$5
12/31/2018
Tradewinds Capital Management LLC
1,084
$5
12/31/2018
Institutional & Family Asset Management LLC
1,050
$5
12/31/2018
Strategic Wealth Partners Ltd.
750
$5
12/31/2018
Aevitas Wealth Management Inc.
1,000
$5
12/31/2018
City Holding Co.
400
$4
03/31/2019
Cribstone Capital Management LLC
410
$4
03/31/2019
DekaBank Deutsche Girozentrale
713
$4
12/31/2018
Executive Wealth Management LLC
900
$4
12/31/2018
Karp Capital Management Corp
770
$4
12/31/2018
Larson Financial Group LLC
280
$3
03/31/2019
Patten Group Inc.
514
$3
12/31/2018
D Orazio & Associates Inc.
600
$3
12/31/2018
BerganKDV Wealth Management LLC
633
$3
12/31/2018
Resources Investment Advisors Inc.
546
$3
12/31/2018
Parisi Gray Wealth Management
530
$3
12/31/2018
Ogorek Anthony Joseph NY ADV
300
$2
03/31/2019
Sonora Investment Management LLC
200
$2
03/31/2019
Lowe Wealth Advisors LLC
250
$2
03/31/2019
Quad Cities Investment Group LLC
200
$2
03/31/2019
Trustmark National Bank Trust Department
500
$2
12/31/2018
AdvisorNet Financial Inc
500
$2
12/31/2018
Price Wealth Management Inc.
431
$2
12/31/2018
Peddock Capital Advisors LLC
450
$2
12/31/2018
Private Ocean LLC
306
$2
12/31/2018
Catamount Wealth Management
250
$2
12/31/2018
Jacobi Capital Management LLC
316
$2
12/31/2018
Perennial Advisors LLC
335
$2
12/31/2018
Private Capital Group LLC
500
$2
12/31/2018
Global Retirement Partners LLC
456
$2
12/31/2018
Bay Harbor Wealth Management LLC
122
$1
03/31/2019
Wells Fargo & Company MN
250
$1
12/31/2018
Howe & Rusling Inc.
150
$1
12/31/2018
Reilly Financial Advisors LLC
150
$1
12/31/2018
JOYN Advisors Inc.
200
$1
12/31/2018
San Francisco Sentry Investment Group CA
255
$1
12/31/2018
Sterling Global Strategies LLC
300
$1
12/31/2018
SRS Capital Advisors Inc.
195
$1
12/31/2018
Hoertkorn Richard Charles
200
$1
12/31/2018
Burt Wealth Advisors
300
$1
12/31/2018
Proficio Capital Partners LLC
210
$1
12/31/2018
Advantage Investment Management LLC
203
$1
12/31/2018
Providence Capital Advisors LLC
150
$1
12/31/2018
Laurel Wealth Advisors LLC
302
$1
12/31/2018
Shine Investment Advisory Services Inc.
8
$0
03/31/2019
Proffitt & Goodson Inc.
30
$0
03/31/2019
FNY Investment Advisers LLC
$0
03/31/2019
ACB
100
$0
03/31/2019
Call
40
$0
03/31/2019
Commonwealth Bank of Australia
145
$0
12/31/2018
CENTRAL TRUST Co
100
$0
12/31/2018
Proequities Inc.
$0
12/31/2018
ACB
0
$0
12/31/2018
Put
0
$0
12/31/2018
Call
0
$0
12/31/2018
BlackRock Inc.
9
$0
12/31/2018
Financial Architects Inc
Smooth Sailing! It seems obvious it's going to hit $10 easy before the week is over.
.28 cents by may 15th
Smooth Sailing! It seems obvious it's going to hit $10 easy before the week is over.
Schnockered
Happy 420 to you and the rest of the board. I am snockered!
I was expecting a good day today. Good Friday sucks
Running out of time to get shares under $10. Not much longer IMO.
Harry Boxer: Two marijuana stocks are among charts worth watching.
By Harry Boxer
In focus: Aurora Cannabis and Canopy Growth
Marijuana stocks are among our top charts to watch today.
Aurora Cannabis Inc.(ACB.T) rose 8 cents to $8.96 on 21.3 million shares traded Wednesday. Bank of America Merrill Lynch named the company as one of three marijuana stocks to buy. The stock, after sharp year-to-date gains, has been consolidating in recent weeks, but may be on the verge of its next leg up with cannabis stocks in general. Next target is above the March high near $10.50.
Canopy Growth Corp.(WEED.T) jumped $1.17 to $42.85 on 6.7 million shares traded Wednesday, and has followed through Thursday on news the company bought the rights to acquire New York-based Acreage Holdings (http://www.marketwatch.com/story/canopy-confirms-34-billion-deal-to-buy-acreage-once-cannabis-becomes-legal-in-the-us-2019-04-18) as soon as the U.S. ban on cannabis is lifted. The stock has been consolidating and pulling back slightly since its January surge, but broke out of its declining wedge Tuesday, at which point we highlighted it for members as a swing-trade setup. Watch for the stock to test lateral resistance at around $48.50-$49.
Niu Technologies(NIU) popped 99 cents, or nearly 10%, to $11.49 Wednesday on 305,900 shares traded on no news from the China e-scooter company. The stock, after surging in the first week of April, has been flagging in the last week, and Wednesday's move took it to the top line of its declining wedge. A breakthrough here could get the stock back up to its April high near $13.50.
Scorpio Tankers Inc.(STNG) gained 97 cents to $24.87 on 696,900 shares traded Wednesday. The oil-shipping company said it will be issuing its first quarter earnings May 2. The stock, which we added as a swing trade setup in the $21.75 range a week ago, has broken through lateral resistance and is now up against its long-term declining top line. Watch for a move next to $27-$27.50.
See Harry's video-chart analysis (https://www.thetechtrader.com/chartsoftheday/ACB-CGC-NIU-SHSP-STNG-WRTC-201904172370.html) on these stocks.
The writer has no holdings in any securities mentioned.
Harry Boxer is founder of TheTechTrader.com (https://www.thetechtrader.com/?utm_source=MW&utm_medium=Web&utm_campaign=HarryCOD), a live trading room featuring his stock picks, technical market analysis, and live chart presentations.
-Harry Boxer; 415-439-6400; AskNewswires@dowjones.com
Marijuana Stock Aurora Cannabis Just Got Another Vote of Confidence -- Barrons.com
Today 10:35 AM ET (Dow Jones)Print
By Teresa Rivas
Aurora Cannabis stock edged higher on Thursday, following a bullish note from Cowen & Co. that applauded management's competitive positioning of the company.
The back story. Even among the highflying marijuana stocks, Aurora (ACB) has been a stellar performer: The shares are up more than 83% since the start of 2019, and have risen 34.6% in the past 12 months.
Although the cannabis stocks are a volatile group, Aurora has seemingly moved from strength to strength. Analysts cheered its acquisition of Whistler Medical Marijuana at the start of the year, not to mention its earnings in February and news in March that Nelson Peltz joined the company as a strategic advisor.
Although the shares paused when Aurora said it would issue new debt earlier this month, investors quickly jumped back on the bandwagon, applauding its German medical cannabis distribution deal and bet on CBD oil. International agreements are often seen favorably for companies in the marijuana group, as they cut their teeth on navigating various legislation and investors wonder if the U.S. could legalize marijuana on a federal level, the way Canada did last year.
Branching out into adjacent products like CBD is also usually considered a good move to diversify revenue and potentially gain entree into new markets in the U.S. and abroad.
Wednesday, Bank of America Merrill Lynch named Aurora as one of three pot stocks to buy.
What's new. Cowen analyst Vivien Azer reiterated an Outperform rating on Aurora Thursday after meeting with company executives. She writes that she came away feeling confident about Aurora's strategy and ability to "produce a stable foundation" for growth.
"As Aurora continues to ramp up supply, the company is establishing an even stronger leadership position in both capacity and profitability," reiterating their intention to be positive in terms of earnings before interest, taxes, depreciation, and amortization in the fourth quarter of this fiscal year, she wrote.
Looking ahead. Azer writes that although the shares have already had a good run in 2019, the fundamentals point to more gains for Aurora "Even with scale opportunities ahead of them, Aurora is off to a good start, having delivered one of the highest gross margins among the leading Canadian licensed producers," she writes, noting that in the trailing 12 months, Aurora delivered a 61% gross margin, well ahead of its peers.
For now, demand for cannabis may look artificially high, given supply issues, but ultimately she's predicting "more meaningful growth in the second half of 2019," for Aurora, particularly as it benefits from retail rollouts in areas like Ontario.
Like other analysts, she's happy to see Aurora expanding internationally in places such as Germany, and moving ahead with new delivery forms like vaping. She said she was also happy to hear management say it won't be rushed into U.S. markets for niche products like THC, which have the potential to cut into margins.
Aurora was up 0.4% to $8.99 in early trading.
Write to Teresa Rivas at teresa.rivas@barrons.com
(END) Dow Jones Newswires
April 18, 2019 10:35 ET (14:35 GMT)