Tom Gentile explains the strategy he uses to find the best cannabis plays for his “watchlist” – take a look…
In the past six months, we’ve already seen at least 10 cannabis IPOs, with as many as 42 private cannabis companies slated to go public by the end of the year.
All in all, you’re looking at an industry that could easily reach a $50 billion milestone by January 1, 2020 – and limitless opportunities to take your piece of the pie.
That’s exactly why I’m excited to be a part of the National Institute for Cannabis Investors family…
The Institute is here to make sure you have all the tools you need to excel at cannabis investing, and I happen to have yet another one that could do just that.
How I Identify My “Watchlist” Candidates
In my free newsletter, Power Profit Trades, I’ve talked about using moving average crossovers as a way of following trends. Moving averages are one of the most commonly used and commonly understood indicators. A crossover occurs when two moving averages of different lengths cross over each other. I’ll show you what I mean in a moment.
Even in the early stages of its economic boom, the cannabis industry is already bringing in $10.8 billion per year. To learn how to stake your claim in this potential $100 billion a year industry, go here now.
Now, as a trader, you don’t want to use something the entire herd uses simply because they’re using it – you juice it to expand your cash-churning opportunities and fatten your profits.
And here’s what my proprietary tool has identified as the best watchlist candidates right now:
- Compass Diversified (NYSE: CODI)
CODI has been profitable on the last three crossovers that occurred, with the most recent happening on April 10, 2019. Currently the stock is up over 5% since then.
- New Age Beverages Corp. (Nasdaq: NBEV)NBEV has also had a few bullish crossover opportunities on the chart. But what really stands out is the profit the stock made early in its life cycle – over a 150% return on a recent cross – just from buying the stock!
- Cara Therapeutics (Nasdaq: CARA)After bottoming in December, CARA has been trading higher – sparking a nice run from a crossover. The latest crossover came just a few days ago and is poised to break to new yearly highs.
- Abbott Labs (NYSE: ABT)
If slow and steady wins the race, then award the medal to ABT. This stock has advanced 2.5% since it started crossing up, with another “buy” signal forming recently. It seems to be hugging the long-term trend as well, which is a great sign for future profit opportunities.
- Anheuser-Busch (NYSE: BUD)You might only think of beer when you see this name, but BUD is moving into the green space, too. The stock’s been trending higher since December 1. And although the most recent bullish signal came back in January, it continues to trend higher as its portfolio diversifies into cannabis world.
I’ll be back soon to share one of the best-kept trading secrets in the cannabis market…
Until then, you can find my detailed strategies and instructions on how to trade for maximum gains, lucrative plays that can easily triple your returns, and even tactics that not one in a thousand investors knows about in Power Profit Trades.
Now, like I said, understanding these moving averages is just one way to help you excel as a cannabis investor. The Institute has a number of tools at your disposal that can take you to the next level.
One of those tools is NICILytics. In addition to a propriety rating system for nearly every publicly available cannabis stock, the database also offers full, in-depth analyst reports with all the information you need in order to make an informed investing decision.
There are full reports on two of the companies I shared today on my watchlist: New Age Beverages and Cara Therapeutics. If you don’t already have an Elite Membership, you can learn how to access those reports here.
To your continued success…
Cannabis Trading Expert, National Institute for Cannabis Investors
P.S. Knowledge is power – especially when it comes to investing in cannabis. Our experts have created an elite tool that gives you one-of-a-kind access to market caps, stock forecasts, and revenue potential for every cannabis company on the market. This kind of information puts the power to profit in your hands. Learn more by clicking here.
37 responses to “Our Cannabis Trading Expert Just Revealed the Top 5 Stocks on His Watchlist”
May 29 2019