Stocks added to this week’s gain with another rally on Thursday. With that in mind, let’s look at a few top stock trades as we head into Friday.
Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC)
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The cannabis stocks have been regaining momentum lately, as we highlighted earlier this week. Taking a closer look at Canopy Growth (NYSE:CGC), we can see that action unfolding as well.
Shares are up more than 10% at the time of this writing, as buyers continue to step in.
Above is a daily chart and below is a weekly chart. In both scenarios investors can see how the stock is now running into the 50-week and 200-day moving averages. Above opens the door to the $18.25 level.