Tilray Stock Breaks Below Pattern: What's Next For The Cannabis Stock?

Tilray Inc. (NASDAQ: TLRY) shares ended Thursday's session higher in a reversal after the company posted worse-than-expected earnings.

The company said its first-quarter net loss increased to $34.6 million, or 8 cents per share, from a loss of $21.7 million, or 9 cents per share, from the year ago period.

Tilray was up 2.13% at $11.02 at the close. 

Tilray Daily Chart Analysis

  • Shares have been dropping in the last few months in what technical traders call a falling wedge pattern. The price looks to have possibly fallen out of the bottom of the …

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