On Sunday evening, Benzinga asked its followers on Twitter what stock they’re buying at the open on Monday. From the replies, Benzinga selected one ticker for technical analysis.
A new push for federal cannabis legalization has appeared in the form of a campaign, “Cannabis in Common,” launched Tuesday by a coalition of cannabis advocates, large marijuana businesses and celebrities like Seth Rogan and Sarah Silverman.
The cannabis sector has seen an uptick in volume this week, which has helped many of the stocks to begin to rebound after almost a full year of steady decline. High volume indicates a high level of trader and investor interest, which means those who have left the sector may be finding cannabis stocks attractive again.