Here’s how we’re trading Growgeneration ($GRWG) – June 28, 2021
GRWG
I want to look at GrowGeneration ( NASDAQ: GRWG ) here. This is a stock that we have been stalking the last few days as this stock has started printing these higher highs. A flat top here, and just today we are seeing the stock break out.
Last Thursday it looked like it, it was kind of a fake-out here. It looked like the stock was going to push up above the 100-day moving average but then it faked us out. When a stock does this you don’t leave it alone you just say, alright, it’s still got work to do. And then we get, boom, this move today.
So I guess this being added to the Russell 2000 ( NDEXRUSSELL: RUT ), awesome. You think it’s going to peak at 48.42, oh, the stock has peaked, added to the Russell 2000 ( NDEXRUSSELL: RUT ), that’s it, it’s going to tank. No, this stock should probably continue to run.
Even though the stock is up 11.5 percent today I really don’t think you’re too late. You just have to give it about 15 percent of room on the downside, because it’s not going to go up in a straight line, but I do suspect it’s going to go up.
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