Will MJ Cure COVID-19? - InvestingChannel

Will MJ Cure COVID-19?

North of +800% for me yesterday, highlighted by Carnival Cruise Lines, Disney and Norweigan Cruise Lines…

Each of these stocks have been featured in TrackStar’s financial professional data this month, and upon catching sweeps on them, I was able to cash in on them alongside Wall Street’s biggest players.

Today I’ve cherry-picked a rather unique stock which financial professionals are looking at, and definitely made moves within the sector yesterday…

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
AYTU Aytu Bioscience Inc Biotechnology -3.45% 18,829,859
MVIS Microvision Inc Scientific & Technical Instruments 82.83% 43,437,327
MARK Remark Holdings Inc Internet Content & Information 79.03% 46,823,883
ZEST Ecoark Holdings, Inc. Plastics products, misc 60.14% 601,652
SRNE Sorrento Therapeutics Inc Biotechnology 63.42% 39,610,184
TTNP Titan Pharmaceuticals Inc Biotechnology 11.54% 10,898,512
TSLA Tesla Inc Auto Manufacturers 36.68% 16,814,784
NIO NIO Inc Auto Manufacturers 16.52% 30,214,277
MRNA Moderna Inc Biotechnology 55.33% 23,250,247
INO Inovio Pharmaceuticals Inc Biotechnology 47.75% 40,525,974
IBIO iBio Inc Biotechnology 26.90% 14,320,096
BA Boeing Co Aerospace & Defense -7.29% 33,358,006
ACB Aurora Cannabis Inc Drug Manufacturers – Specialty & Generic 37.53% 12,077,104
AMZN Amazon Com Inc Internet Retail 20.31% 5,403,528
NVAX Novavax Inc Biotechnology 72.88% 11,057,018
ROKU Roku Inc Pay TV 23.73% 13,900,723
AAPL Apple Inc Consumer Electronics 19.74% 36,828,861
DIS Walt Disney Co Entertainment 18.02% 21,465,914
RCL Royal Caribbean Cruises Ltd Travel Services 25.79% 21,663,439
JCP J C Penney Co Inc Department Stores 0.00% 37,921,572

Yesterday’s most interesting news in healthcare may have been rumors being spread that marijuana may help treat or prevent the coronavirus.

In fact, yesterday afternoon I noticed marijuana stocks receive multiple six-figure call option sweeps (see video lessons I’ve sent you). The pot stock bulls were out!

I took a quick look into “why” marijuana stocks were heating up so much, and made a quick move on one myself.

If marijuana proves to be effective in treating the Coronavirus, I expect stocks in this sector to soar, and based on what I saw yesterday, I believe financial professionals agree with my thesis!

Aurora Cannabis (NYSE: ACB) hasn’t received too much sentiment yet, but may very well follow the steps of its competitors in the Cannabis sector, which in yesterday’s case was likely financial institution buying.

Shown in yellow in the chart above, ACB is currently trading right above its 100-day simple moving average line, a critical support level in the hours and days ahead when considering trading ACB.

If buyers continue to buy millions of dollars worth of pot stocks, ACB is one to keep an eye on as it has yet to receive a buyer frenzy from the financial catalyst triggered by the possibility of marijuana assisting in Coronavirus treatment.

Now, let’s talk about selling the news. Should the news be disputed or discredited, as in marijuana is tested and proven ineffective in Coronavirus treatment, I expect pot stocks to plummet.

In that case, below ACB’s 100-day simple moving average line I’ll keep an eye on a possible short biased trade – and look to collect all available profits quickly.

Last but not least, on Fridays I typically pick up a Dark Pool trade toward the end of the day as I enjoy making money over the weekends. I’ll post my Dark Pool watchlist this afternoon on the TrackStar twitter account, which you should follow right now!

Let me know how you do today!

Yours for TrackStar trading,

Davis Martin
America’s #1 Premarket and Day Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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