NOTE: STOCKS IN THIS WATCHLIST ARE NOT GEARED TOWARDS ANY SPECIFIC TYPE OF TRADING (DAY, SWING, LONG). HOWEVER, THEY ARE EITHER TRENDING TOWARDS A BULLISH TECHNICAL CHART OR CURRENTLY IN ONE. ANY TECHNICAL ANALYSIS IS PROVIDED IN THE CHART. PLEASE DO YOUR OWN DUE DILIGENCE BEFORE INVESTING IN THESE STOCKS. (The Shares Float is based on figures from FinViz.Com or wsj.com).
Stocks highlighted in this watchlist include: $TWMJF, $CNBX, $CAPR
TWMJF: Float of 112.37 million shares.
NEWS: S&P 500 member, known for its Corona beer and other alcohol brands, announced that it's investing $245 million (in Canadian dollars) to buy a 9.9% stake in Canopy Growth Corporation (NASDAQOTH: TWMJF). Canopy Growth is a leading medical marijuana provider in Canada. The investment by Constellation Brands is, in effect, an endorsement of Canopy Growth as the best marijuana stock on the market. Canadian prime minister Justin Trudeau is pressing ahead with plans to legalize recreational use of the drug in July 2018.
CNBX: Float of 30.03 million shares
News: Good chance this went up due to the new from Canopy Growth. However, in late September, the company announced it has filed national phase patent applications for its 'System and Method for High Throughput Screening of Cancer Cells' in the United States, Europe, China, India, Brazil, Canada and Australia. The company filed the national phase applications after having received a favorable international patentability report from the PCT authorities regarding patent application PCT/IL2016/050471 finding all the claims innovative and inventive.
CAPR: Float of 12.95 million shares with 12.18% short.
News: The Company announced on October 25, 2017, that it will present the 12-month results from the HOPE-1 clinical trial of its lead investigational product, CAP-1002, in boys and young men in advanced stages of Duchenne muscular dystrophy (DMD) at the American Heart Association (AHA) Scientific Sessions 2017, November 11-15, 2017.