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Marijuana stocks are among our top charts to watch today.
Aurora Cannabis Inc. (ACB) rose 8 cents to $8.96 on 21.3 million shares 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 around $10.50, above its March high.
I don’t think there’s been any stock in Slope’s history that’s received more abuse than Pier One, and with good reason. For the past couple of years, I have been contending it’s going to ape is collapse from the financial crisis. Well, this morning’s 25% drop helps.
Well, I suppose the non-event of the Mueller report is going on right now. I’m not even checking. And I daresay newspapers will be dissecting every non-redacted word throughout the weekend. Yawn.
Anyway, it’s a green day once again, with both ES and NQ up. I will point out that the ES has changed its relationship with its December 26 trendline, however, as it is now battling the line as an area of resistance. Nothing earth-shaking, just worth noting.