cannabis stocks trend investing update 08-10-2020

We’re analyzing the cannabis and marijuana industry stocks on a relative strength basis. We’re looking at 2 relative strength benchmarks – 50 day ma of 20% annualized rate of growth, and 200 day ma of 20% annualized rate of growth. The analysis measures the percent difference of the stock vs the 50 day ma rate of growth, and, the percent difference of the stock vs the 200 day ma rate of growth. The 50 day is weighted at 30% and the 200 day weight is 70% of the Trend Score. All these stocks are US Listed on Nasdaq/NYSE (not OTC stocks). These are pure play cannabis and marijuana stocks. Included in the analysis is the Nasdaq 100 Index ETF (QQQ), the S&P 500 Index ETF (SPY), and the Gold Miners Index ETF (GDX).

This is pure trend investing analysis. No predictions, no forecasts. No personal opinions, no stock fundamentals, no economic fundamentals, no news, no social media, no teevee.

Blog comments welcome.

SymStock50 day % diff200 day % diffTrend Score
YCBDcbdMD Inc1587.465.68
GRWGGrowgeneration Corp33.46656.22
GDXVanEck Vectors Gold Miners ETF15.828.624.76
IIPRInnovative Industrial Properties Inc8.931.524.72
ARNAArena Pharmaceuticals18.216.116.73
NEPTNeptune Technologies and Biores11.113.412.71
QQQInvesco QQQ Trust8.71412.41
VFFVillage Farms International Inc3.313.510.44
GNLNGreenlane Holdings Inc17.16.69.75
CRBPCorbus Pharmaceuticals Holdings14.868.64
APHAAphria Inc3.311.69
SPYSPDRs S&P 500 Trust ETF-1.720.89
GWPHGW Pharmaceuticals Plc7.8-6.3-2.07
NTECIntec Pharma Ltd-8.9-0.1-2.74
CGCCanopy Growth Corporation-9.2-6.2-7.1
CRONCronos Group Inc-6.7-18.5-14.96
ZYNEZynerba Pharmaceuticals Inc-14-20.5-18.55
OGIOrganigram Holdings Inc-27.4-40.9-36.85
TLRYTilray Inc-39.9-41.5-41.02
HEXOHexo Corp-38.7-42.7-41.5
ACBAurora Cannabis Inc-38.5-49.6-46.27

Published by Trendanomics

Trend investing the markets with simple trend following strategies.

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