Technical Summary: The five year chart of CGC shows a stock that is in a long term uptrend. However, like many stocks recently the chart looks much different on the one year. Here the stock is trading at around the same level as it was a year ago. Therefore we would have to say that over the medium term the stock is trading within a range. In the last few trading sessions there has been some interesting price action for the stock with it moving higher on some powerful buying. The stock now appears to be holding and consolidating these gains. Ideally we would like to see further consolidation before the stock hopefully sets up for a breakout.
