Canopy Growth Stock Heads Toward Resistance: What's Next?

Canopy Growth Corp. (NASDAQ: CGC) shares were trading higher Tuesday following an upgrade from MKM Partners.

The analyst firm upgraded the stock from Neutral to Buy and announced a CA$55 ($45.70) price target. 

On May 20, Canopy Growth announced that it had appointed Martha Stewart as the company’s official strategic advisor.

Canopy Growth was up 5.91% at $24.02 at last check.cgcdaily5-25-21.png

Canopy Growth Daily Chart Analysis

  • The stock is trading within previous key levels and is nearing a resistance level where the price once held as .
  • The stock is trading below both the 50-day moving average (green), and the 200-day …

Full story available on Benzinga.com

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