Canopy Growth Corp. (NASDAQ: CGC) shares are trading higher Friday, possibly after Ohio’s new Senate bill states that medical marijuana could be given to any patient who can be “reasonably expected to benefit” from it.
The stock looks to be breaking out of a technical pattern and pushing higher. Canopy Growth was up 6.6% at $14.42 at press time.
Canopy Growth Daily Chart Analysis
- The stock has broken out of what technical traders call a falling wedge pattern after finally being able to break above resistance.
- The stock has been in a steady …