Don’t miss out on ACB before it rallies again
Aurora Cannabis (NASDAQ:ACB) stock is one of the most overlooked assets on the market; it’s as simple as that. Many investors are discouraged by Cannabis sector stocks after their abrupt drawdown during the past year. However, let me remind you of the market’s golden rule: “buy low, sell high.” If you haven’t already done so, consider buying the dip on ACB stock.
Another aspect to consider is Aurora’s growth in the international markets. The company’s an upstream market leader in countries like Israel, Germany, France, Poland and the United Kingdom. The firm’s global footprint lets it smooth out revenue by dodging single-jurisdiction regulatory surprises and coherent economic shocks.
I’m aware that the current market environment isn’t receptive to growth stocks, but Aurora has that ex-factor. Moreover, the stock’s underappreciated, with a relative strength index (RSI) reading of 44.52. Thus, I’m going for it on this one!
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This article originally appeared at InvestorPlace.
On the date of publication, Steve Booyens did not hold any position (either directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
