High-Flying Cannabis Stocks

Published on
April 5th, 2019
Duration
15 minutes


High-Flying Cannabis Stocks

Trade Ideas ·
Featuring Brian Shannon

Published on: April 5th, 2019 • Duration: 15 minutes

Brian Shannon, CMT, founder of AlphaTrends.net, makes his “Trade Ideas” debut with a look at two stocks that he’s using to play the cannabis space: Scotts-Miracle-Gro & Aurora Cannabis. He examines the technicals, highlights the importance of the volume weighted average price indicator and discusses how to make the trades. This interview with Jake Merl was filmed on April 3, 2019.

Comments

Transcript

  • MN
    Michael N.
    8 April 2019 @ 12:25
    What platform do you use to get an anchored vwap, i cant do it on thinkorswim or tastyworks. thanks
    • BS
      Brian S. | Contributor
      8 April 2019 @ 18:00
      You can find the "Anchored VWAP by Alphatrends" on TC2000
  • PR
    Perry R.
    8 April 2019 @ 04:30
    Aurora trades an average 32m shares a day on it's US listing. Since it has a rather large float, and the summer low volume months are coming up, does this affect your thesis in anyway?
    • BS
      Brian S. | Contributor
      8 April 2019 @ 18:00
      Not a bit
  • gg
    georgy g.
    6 April 2019 @ 09:02
    Who cares seriously. Would be good to get someone on say software eating the World Series, slightly more relevant
    • BS
      Brian S. | Contributor
      6 April 2019 @ 22:30
      Intelligent feedback Georgy... Who cares? This is about making money, I would think anyone in the market would care.
  • SS
    Steve S.
    5 April 2019 @ 11:43
    @RV. You've made a mistake on the summary at the end. The SMG and ACB Key levels are the same.
    • SS
      Steve S.
      5 April 2019 @ 15:37
      Glad to see you fixed it.