Organigram Stock Lets not beat around the bush and agree that 2017 has proven to be a disappointing year

A Powerful Move in Organigram Stock is Brewing

OGRMF Stock: The Organigram Stock Chart is a Must-See

Organigram Stock Lets not beat around the bush and agree that 2017 has proven to be a disappointing year

Organigram Stock Lets not beat around the bush and agree that 2017 has proven to be a disappointing year for marijuana stocks. Most of, if not all, the investments that capture this space are all negative on the year, and this poor performance is being compounded by the exemplary performance of the equity markets.

Does this mean it is time to throw in the towel on this sector? I wouldn’t go that far especially given that one particular marijuana stock has really caught my eye. As a technical analyst who bases his investment views on the price action on a company’s stock chart, I must say that I am extremely attracted to Organigram Holdings Inc (CVE:OGI, OTC:(OGRMF) stock.

This technical price pattern is highlighted on the following Organigram stock chart:



Organigram Stock

ogrnf1

Chart courtesy of StockCharts.com

The technical price pattern in question is a “symmetrical triangle.” This pattern is identified using two converging trend lines, which are created by connecting a series of highs and lows. These trend line represent levels of price support and price resistance.

Triangles in general are a consolidation pattern that is instrumental in indicating when a directional move in a stock is set to take hold. These patterns are a particular favorite of mine because they are known to generate powerful moves.

The placement of this triangle on the OGRMF stock chart is very significant, as it currently lays right on top of a long-term trend.

The following following Organigram stock chart illustrates this predominant and significant trend:

ogrnf

Chart courtesy of StockCharts.com

This chart clearly shows a trend that contains the quintessential characteristic that defines all bullish trends, which is a series of higher highs and higher lows. This characteristic caused the stock price to move from the lower left of the stock chart to the upper right.

Connecting the troughs on the Oranigram stock chart using a uptrend line effectively defines this bullish trend. What makes this uptrend line that much more compelling is the mount of times the stock price has hit it from above. With this many points of contact, arguing that this trend line is indeed significant is not a difficult task.




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SNAP EXECUTIVES RUN FOR THE EXIT, SELL OVER $9 MLN IN STOCK

SNAP EXECUTIVES RUN FOR THE EXIT, SELL OVER $9 MLN IN STOCK

SNAP EXECUTIVES Snap Inc ‘s (NYSE:SNAP) executives have been rapidly selling their shares in the company since the lockup expired, on Monday.



SNAP EXECUTIVES

Snap Inc went public in March and restrictions on the company’s IPO meant that employees could not sell shares awarded to them through compensations plans until this Monday. Since Monday, top executives sold an estimated $9.3 million worth of shares.

Snap’s shares were up 1% Thursday afternoon.




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AMD Stock After a stellar 2016, which witnessed Advanced Micro Devices,

AMD Stock Is Laying the Foundation for Its Next Move

AMD Stock: Key Indicators Are Supporting the Notion of Higher Prices

AMD Stock After a stellar 2016, which witnessed Advanced Micro Devices,

AMD Stock After a stellar 2016, which witnessed Advanced Micro Devices, Inc. (NASDAQ:AMD) stock appreciate to the tune of 295.12%, the performance this year has been lackluster. Year-to-date, AMD stock is up 11.73%, which on its own is impressive, but it leaves a lot to be desired when it is compared to the performance number that was registered last year.

I still have the inclination to believe that Advanced Micro Devices stock still has something left in the gas tank, and much higher prices are still on the horizon. I originally expressed my views in a report that was published on February 10, 2017, titled “AMD Stock Chart Implies MUCH Higher Prices.” In it, I wrote that there were indications on the company’s stock chart that suggested $24.50 was a viable price objective. The price objective was based on a technical term known as a “parabolic extension.” Please click on the link above if you want to learn more about how this objective was obtained.

The following Advanced Micro Devices stock chart illustrates the key metric that AMD stock refuses to trade below.



AMD Stock

AMD stock chart

Chart courtesy of StockCharts.com

This price chart has been created in order to bring attention to a very important metric known as the 200-day moving average. This metric is created by averaging the stock’s closing price over the last 200 days and plotting that value on the stock chart. The 200-day moving average acts as a dividing line that separates a healthy stock trading in a bull market from an unhealthy stock trading in a bear mark

Advanced Micro Devices stock is currently trading above the 200-day moving average, and therefore, I can only assume that a bull market is still in development, where higher stock prices will prevail.

The price action that is occurring above the 200-day moving average is constructive, which is supportive of higher stock prices.

This constructive price action is illustrated on the following Advanced Micro Devices stock chart.

amd price chart

Chart courtesy of StockCharts.com

This AMD stock chart has been highlighted in order to define the waves that constitute constructive price action. Since February 2016, when this beautiful bull market began to develop, the price action has been characterized by an alternating wave structure.

This alternating wave structure creates constructive price action, and it consists of impulse waves, which are highlighted in green, and consolidation waves, which are highlighted in purple.

 



 

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Bitcoin Madness I have been silent on Bitcoin since my views were published on this cryptocurrenc

Bitcoin Madness Brings Life to BITCF Stock

BITCF Stock: Caution Is Warranted

Bitcoin Madness I have been silent on Bitcoin since my views were published on this cryptocurrenc

Bitcoin Madness I have been silent on Bitcoin since my views were published on this cryptocurrency on January 5 of this year when Bitcoin was trading at around $1,006. The publication was titled “The Bitcoin Price Bubble Is Far from Over,” and I clearly stated that although I think that Bitcoin is a complete farce, I still had the inclination to believe that much higher stock prices were on the horizon. In fact, I clearly stated in that publication that I could easily see the price of Bitcoin surge past $4,000 before the bubble that is being formed finally bursts. This level was just crossed this weekend, and appropriately, it’s time to revisit the madness that is currently surrounding Bitcoin.

The madness is starting to resemble the dot-com bubble that I was fortunate to experience firsthand in 2000. This madness is why I am focusing on FIRST BITCOIN CAP COM NPV(OTCMKTS:BITCF) stock. This company was once called Grand Pacaraima Gold Corp before it changed its name and line of business in 2014. I saw something quite similar in 1999, where a number of gold mining companies transitioned into Internet companies. The resemblance is uncanny, and at that time, it served as the precursor to the final stage of the dot-com bubble.

The following First Bitcoin Capital Corp stock chart illustrates the price action that was suggesting that a price move was in the making.



Bitcoin Madness

First Bitcoin Capital Corp stock chart

Chart courtesy of StockCharts.com

This BITCF stock chart has been highlighted in order to focus on the waves that create constructive price action.

Constructive price action consists of an alternating two-wave structure that creates the necessary building blocks in order to create a trend. The structure consists of impulse waves, which are highlighted in green, and consolidation waves, which are highlighted in purple.

The impulse wave defines the stage in a trend where the stock price stages a sharp and swift advance. The consolidation wave defines the stage in a trend where the gains from the previous advance are digested in order to alleviate any overbought conditions. Alleviating an overbought condition sets the stage for a new impulse wave to develop.

The following BITCF stock chart illustrates the indication that is suggesting that the stock price has run a bit too far, too fast.

BITCF price chart

Chart courtesy of StockCharts.com

The focus of this BITCF stock chart is the indicator located in the upper panel labeled “RSI.” RSI stands for relative strength index, and this oscillator is used to distinguish whether an investment is overbought or oversold.

An RSI oscillator reading above 70 is considered overbought, while a reading below 30 is considered oversold. There are numerous ways one can use this indicator to generate signals, but under these circumstances, I am using this indicator to outline extreme levels of relative strength. This indicator currently sits at 96.59, which is extremely overbought. Just to clarify, anything above 90 is an extreme reading that is unsustainable, and a correction from these levels seems like a certainly.

 




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Marijuana Stock News The marijuana stock market is a constantly updating, evolving beast.

Marijuana Stock News: What Today Means for Marijuana Stocks 2018

Marijuana Stock News

Marijuana Stock News    The marijuana stock market is a constantly updating, evolving beast.

The marijuana stock market is a constantly updating, evolving beast. There’s so much going on day to day in terms of marijuana stock news that it feels like you can’t even keep up sometimes. Because unlike other industries, marijuana stock news is only half about pot stocks, with the other half firmly focused on the political side of one of the most controversial drug movements around: U.S. weed legalization.

So when it comes to pot stocks, they can be some of the more taxing investment opportunities around, even if their potential payoff may warrant that extra legwork on the investor’s part. It’s one of the reasons I like writing about weed stocks so much—I get to combine my passion for politics with my interest in finance and help everyday investors make the right moves in the market by seeing what’s ahead over the horizon.



Marijuana Stock News

U.S. Weed Legalization

No single event in my mind would have a more profound effect on the marijuana stock market than a total U.S. weed legalization policy put in place by the government. While we’re still long ways away from that, even if the majority of Americans have come out in support of legal marijuana, there are some promising signs that point towards a green future.

The most important development would be the bill proposed by Sen. Cory Booker (D-NJ), who not only wants to legalize the drug, but also actively encourage and incentivize the remaining states to follow suit, not to mention dissuade drag on the law by penalizing states that don’t adopt legalization legislation.

This kind of changeover and confluence of ideals has created a difficult balancing act for both legislators and pot activists. Ultimately, for marijuana legalization U.S. to truly blossom, the country needs to have federal protections in place for the drug. Otherwise, no matter how many states pass legislation allowing medicinal and recreational use, there’s no guarantee that the federal government won’t send its agents in to shut the whole operation down. While that scenario is unlikely, the mere threat of it is still daunting for investors.

Not to mention that transportation and shipment of the drug are made needlessly complicated by the current laws in place.

.S. Pot Laws 2017

In direct opposition stands the Trump administration, which has taken a rather regressive view on the legalization of pot in the U.S.

While President Trump went back and forth during the campaign about what he would do concerning marijuana laws in the U.S. (which, to be fair, he did on a number of different issues), he initially said he would follow the Obama model and leave it up to the states. Of course, he never cited Obama by name, but that was the gist of his position in several interviews.

Fast forward to now, and we have a very different Trump on our hands. Part of that, of course, is fueled by the appointment of Attorney General Jeff Sessions.

Sessions is one of the most adamant drug crusaders of our day, and has targeted marijuana as a drug that ought to be curtailed in its use and its proliferation as a legalized substance.

New Marijuana Stock Opportunities 

Medical marijuana and recreational marijuana are both well-covered in terms of how they project to be big, billion-dollar businesses in the near future. But what about other industries that are developing around marijuana?

Just take at the marijuana real estate stock chart below, for example.

marijuana real estate stock chart

 

For instance, if a marijuana grower is operating in Colorado and is growing its product, making a living, abiding by the law, there’s still nothing stopping federal agents from coming in and shutting everything down. Then the company would effectively be killed off and sitting on a ton of land that it can’t do anything with at the moment. That would drive it potentially towards bankruptcy or at the very least create an environment where opportunistic buyers would come in with low-ball offers on the land, looking to take advantage of the misfortunes of the grower.

The marijuana real estate business helps cut these risks for marijuana producers by leasing the land to the companies. The result is that the growers are not on the hook for millions in terms of land investment should they ever be shutdown, while the marijuana real estate company collects rent so long as the marijuana company is in business.




 

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The Swiss Stock Market Fell Further On North Korea Concerns

The Swiss Stock Market Fell Further On North Korea Concerns

Swiss Stock Market Fell Further The Swiss stock market ended Friday's session solidly in negative territory,

Swiss Stock Market Fell Further The Swiss stock market ended Friday’s session solidly in negative territory, adding to the losses of the past few sessions. The smaller than expected increase in U.S. consumer prices and a slight recovery on Wall Street failed to provide sustained support for the European markets. Investors remain in a nervous mood due to the escalating tensions between North Korea and the United States.

The Swiss Market Index decreased by 0.74 percent Friday and finished at 8,884.04. The SMI ended the trading week with an overall loss of 3.2 percent. The Swiss Leader Index dropped 0.73 percent Friday and the Swiss Performance Index lost 0.74 percent.



Swiss Stock Market Fell Further

 

The continued geopolitical concerns weighed heavily on the financial stocks Friday. UBS and Credit Suisse fell by 1.0 percent and 1.3 percent respectively, while Julius Bäer finished down by 1.8 percent.

Zurich Insurance weakened by 1.0 percent and Swiss Life surrendered 0.8 percent.

Adecco fell 0.5 percent, adding to the losses of the previous session. The company reported disappointing second quarter results yesterday.

Vifor Pharma tumbled 3.3 percent after ZKB reaffirmed its “Underweight” rating on the stock.

The index heavyweights all finished in the red Friday. Roche slipped 0.3 percent and Novartis lost 0.7 percent. Shares of Nestlé also finished lower by 1.0 percent.

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RHT Stock Today’s stock represents one of my favorite investing strategies for gaining from prevailing technology trends

RHT Stock: This Technology Is Growing Faster Than the iPhone

RHT Stock Has More Room to Grow

RHT Stock Today’s stock represents one of my favorite investing strategies for gaining from prevailing technology trends

RHT Stock Today’s stock represents one of my favorite investing strategies for gaining from prevailing technology trends. The “picks and shovels” way of stock investing helps investors reap handsome rewards as a trend gathers steam, thereby increasing the demand for the products and services provided by such companies.

One such company is Red Hat Inc (NYSE:RHT), a leading provider of open source  software solutions for companies jumping on the cloud bandwagon. The company provides software and services to companies that want to transition to cloud computing. As organizations aim to modernize their IT infrastructure for the hybrid cloud, they are increasingly looking at Red Hat as their key partner in this transformation.

I am bullish on Red Hat stock for the following reasons.



RHT Stock

RHT stock is geared to the rising cloud computing trend, which should only become stronger in the coming years. Apart from the agility in operations and the cost savings that result from adopting cloud computing, new cloud technologies are bringing numerous possibilities.

The company’s largest customers continue to expand their commitments; all of its 25-largest deals were renewed during the first quarter. This positive momentum has enabled Red Hat to raise its full-year guidance.

Red Hat’s ability to deliver technologies that help its customers modernize and manage their infrastructure and application development platforms for the hybrid cloud has been instrumental the company’s its success. This has had a positive impact on Red Hat stock, which has gained about 41% year-to-date and has posted a 77% increase over the past five years.

red hat stock chart

Chart courtesy of StockCharts.com

As changing trends in IT grip enterprises across the globe, the company has lot of potential, and RHT stock has more room to grow.

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Marijuana Penny Stocks With so much excitement building around the potential breakout of a legal recreational pot business open for investment,

The Good, the Bad, and the Ugly Recent Marijuana Stock News

Marijuana Stock News: What Went Right, What Went Wrong

Marijuana Stock News Sometimes I feel like a broken record repeating the same thing every week, but I feel it can’t be said enough:

 Marijuana Stock News Sometimes I feel like a broken record repeating the same thing every week, but I feel it can’t be said enough: If you’re a marijuana stock enthusiast, you need to be up to date on marijuana news. The drug is working its way—albeit slowly—towards mass acceptance in the U.S., both medically and for recreation. But that process is one that will ebb and flow, and following the news is a great way to try and predict the future of the pot industry. In this case, I’ve rounded up three bits of news that all may have a profound effect on the legalization process.

The Good Pot Stock News

The good news in pot stock is that illegal weed is bad. Very bad. Besides the obvious concerns about illegal weed—including funding gangs and the product being less safe overall due to a lack of oversight and regulatory organizations in the criminal world—there’s a new reason to hate on illegal weed production: pollution.



 Marijuana Stock News

A recent story by Reuters highlighted the environmental toll that illegal pot is taking on the environment. One expert claims that the amount of pesticide and fertilizer released in California, if concentrated into a single stream, would exceed the amount of chemicals spilled in Elk River in West Virginia during a 2014 crisis, which left 300,000 residents without access to potable water. (Source: “Toxic waste from U.S. pot farms alarms experts,” Reuters, August 6, 2017.)

The Bad U.S. Full Marijuana Legalization News

U.S. Attorney General Jeff Sessions seems hellbent on using federal power to crack down on states that have legalized pot. The latest marijuana stock news revolves around a letter Sessions sent to a number of top Washington officials, criticizing the state’s legalization of marijuana. (Source: “U.S. Attorney General Sessions criticizes Washington state’s legal marijuana system,” The Seattle Times, August 6, 2017.)

The Ugly Marijuana News

The thing about Sessions is that his own task force, which he assigned to access the damage of legalized pot, came back and pretty much said that the Obama administration played it right. Which is to say, back off from the states and let the people decide. Of course, this was not the news that Sessions wanted or needed, so his attack on legal weed in Washington is all the more weak.

Not to mention that Washington officials claim that Sessions is using out-of-date information from 2016 that does not reflect the reality today.

 

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 WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp

One More Hurdle and WEED Stock Is Bullish Once Again

WEED Stock: So Close, Yet So Far

 WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp

WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp (TSE:WEED) stock chart that are worth noting, and this is why I have decided to focus on WEED stock once again. The last time I focused on Canopy Growth stock, I mentioned that an opportunity was approaching, and that I would be looking for a number of indications to suggest that momentum has finally shifted, indicating that a bullish move was in the making. For those inclined, that report was titled “An Opportunity in WEED Stock Is Approaching,” and it was published on June 8, 2017.

Since the stock peaked in November of last year, the shares have traded with a bearish bias, where lower prices have prevailed. The trend towards lower prices began to accelerate after the government announced its framework with regards to marijuana legalization. The sell-off that followed this announcement was not even the slightest bit of a surprise, and anyone who has read my publications on marijuana stocks is well aware that I warned that such an outcome was likely to occur.

As I mentioned in my previous publication, I am looking for a number of indications to swing into bullish alignment, which will suggest that the tide is turning. The good news is that these indications have turned bullish, so progress is being made.

The following Canopy Growth stock chart illustrates these indications.



WEED Stock Is Bullish

 

weededd

Chart courtesy of StockCharts.com

The indications I have highlighted involve a simple trend line and the moving average convergence/divergence (MACD) indicator.

The simple trend line, which is highlighted on the stock chart above, defines the bearish trend that began its development after the share price peaked in November 2016 at $17.86. This trend line is created by connecting the peaks on the WEED stock chart. It acted as a level of price resistance that prevented the stock price from advancing.

In my previous report, I outlined that I needed these two indications to swing into bullish alignment in order to generate a bullish view, which has occurred. The problem is that I must refrain from taking on a bullish view because WEED stock is trading below a key metric that needs to be overcome.

The following Canopy Growth stock illustrates this key metric.

weededd1

Chart courtesy of StockCharts.com

The key metric I am still waiting on is the 200-day moving average. This moving average acts a dividing line that separates bullish investments from bearish ones.

In October 2015, the stock broke above the 200-day moving average and an epic move to the upside ensued. The scope of the rally that followed reiterates the importance and significance of a stock trading above this metric.

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