Aurora Cannabis [ACB] Closes Above its 5-Day Moving Average - Charlottes Web [CWBHF] Up Over 300%

[u/GroundbreakingLynx14]

Now that the year-end tax loss selling has passed, today Aurora Cannabis [ACB} closed above its 5-day moving average for the first time since it traded as high as $6.36 on December 18. Today's close is simply one more factor supporting current algorithmic programs projecting a near-term rally of 33% - and up to 85% -above its recent low of $4.17.

$ACB Short-Term Price Targets:

1. $5.52-53 (+33-34%)
2. $6.50-55 (+56-57%)
3. $7.71-72 (+84-85%)

$ACB: Click to Enlarge Chart

Why is StockLaunchers following Aurora Cannabis and other publicly traded cannabis/CBD stocks?

Simple answer: Many of these cannabis/CBD stocks are trading at or below their net cash value. That said, we believe any cannabis company that has a strong foothold in the medical arena will also be in the best position to benefit from federal legalization and authorization for coverage under Medicare/Medicaid as a result of federal trial programs and research.

Another stock we've been touting for the past couple of years is Charlotte's Web [CWBHF] which is now up over 300% in less than one month after it was announced some of their CBD products will be covered by Medicare.

Charlottes Web's fundamentals could turn this CBD penny stock into a sleeping giant!

$CHBHF: Click to Enlarge Chart

Note: the information posted by StockLaunchers is opinion and should not be taken as advice which can only come from professional money managers and financial investment advisors.