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Tilray Trying To Close In On Key Technical Measure

On Wednesday, Tilray (TLRY) earned a positive adjustment to its Relative Strength (RS) Rating, from 63 to 79.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their largest price moves. See if Tilray can continue to rebound and hit that benchmark.


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Tilray is now considered extended and out of buy range after clearing a 12.25 buy point in a first-stage cup without handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company reported negative growth for both the top and bottom lines last quarter.

Tilray earns the No. 10 rank among its peers in the Consumer Products-Specialty industry group. Central Garden & Pet (CENT) and Energizer (ENR) are also among the group’s highest-rated stocks.

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