First Week of CGC January 2026 Options Trading Tuesday, September 12, 11:24 AM ET, by Market News Video Staff Investors in Canopy Growth Corp (CGC) saw new options begin trading this week, for the ...
CGC November 10th Options Begin Trading Thursday, September 28, 11:40 AM ET, by Market News Video Staff Investors in Canopy Growth Corp (CGC) saw new options begin trading today, for the November ...
Relative Strength Alert For Canopy Growth
By Market News Video Staff, Thursday, May 6, 12:07 PM ET
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Canopy Growth Corp (NASDAQ:CGC) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $24.2064 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.0. A bullish investor could look at CGC's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CGC shares:
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