Tilray Inc (NASDAQ: TLRY) shares are trading higher Tuesday, moving alongside other popular cannabis names. The overall sector is moving higher as continued optimism on cannabis legalization is possibly a factor.
Tilray was up 4.27% at $13.69 at last check Tuesday afternoon.
Tilray Daily Chart Analysis
- Shares have been falling and look like they could be ready to start turning around if they are able to break out of what technical traders call a falling wedge pattern.
- The stock has been getting condensed between narrowing highs and lows and is now nearing the point …