With ETFMG currently trading near 60% from last years high of $24/share – cannabis stock investors see the sector suffering. However, there is still plenty of profit to be made in the sector by leveraging the everpresent volatility. Algorithmic trading is the answer and CanninBot is the solution. In the following, we’ll discuss the 3 best cannabis stocks to day trade this week and how you can turn a profit.
Why Should I Day Trade Cannabis Stocks?
For starters, global spending on legal cannabis worldwide will hit $57 billion in a decade, according to both Arcview Market Research and BDS Analytics. Driven by the legalization of recreational and medical cannabis and the increasing demand for both, legal cannabis revenue in the U.S. is projected to hit $23.4 billion by 2022. Given this growth curve, we believe that day trading cannabis stocks provides cannabis stock investors with significant potential profits.
What is CanninBot?
CanninBot uses the latest in machine learning technology to evaluate 450 cannabis stocks based on the 10 most effective technical indicators – giving you the strongest stocks to buy for any given time period. So what are the 3 best cannabis stocks to day trade this week?
Best Day Trading Cannabis Stock #1: Digital Asset Monetary Network Inc (DATI)
Digital Asset Monetary Network Inc. (OTC: DATI) is engaged in the business of building and developing a public accelerator-incubator. The Company utilizes the Public Accelerator-Incubator (PAI) model to create functional funding and business development solutions for startup, development stage and small businesses.
Why is DATI one of the 3 best cannabis stocks to day trade this week? Well, based on our evaluation of 450 cannabis stocks based on the 10 most effective technical indicators – CanninBot has determined that DATI is poised for significant potential profits. In fact, DATI has appeared in the CanninBot data feed for two consecutive days now. Because of this, we believe DATI to be one of the 3 best cannabis stocks to day trade this week.
Best Day Trading Cannabis Stock #2: General Cannabis Corp. (CANN)
General Cannabis Corp (OTC: CANN), doing business as TREES, provides products and services to the regulated cannabis industry. TREES is the parent company of a vertically integrated cannabis company and multi-state operator in the United States, operating in Colorado and Oregon.
Why is CANN one of the 3 best cannabis stocks to day trade this week? Again, based on our evaluation of 450 cannabis stocks, CanninBot has determined that CANN is poised for significant potential profits. In fact, CANN has appeared in the CanninBot data feed with 6 consecutive days of price movements. Because of this, we believe CANN one of the 3 best cannabis stocks to day trade this week.
Best Day Trading Cannabis Stock #3: Cronos Group (CRON)
Cronos Group (NASDAQ: CRON) is an innovative global cannabinoid company with international production and distribution across five continents. In fact, the company is committed to building disruptive intellectual property by advancing cannabis research, technology and product development.
Related: Lost Money in Cronos Group?
Why is CRON one of the 3 best cannabis stocks to day trade this week? By this point in the article, you probably understand how the CanninBot algorithm works and we certainly like what we are seeing with CRON. In fact, CRON has appeared in the CanninBot data feed with 2 consecutive days of price movements. Because of this, we believe CRON to be one of the 3 best cannabis stocks to day trade this week.
About Cannin: Your Cannabis Stocks Resource
78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.
Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021.
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Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.
Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.
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