"GW Pharmaceuticals Plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.81% during the next 3 months and, with 90% probability hold a price between $181.57 and $221.58 at the end of this period....Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate." (Stockinvest.us)
So I looked at the chart and said hmmmm, "that's a little pricey for me" and looked for a reason to say no (this is where options come in handy); I can't find one can you? Did I get in - the second 90% probability rating I found in the same day - you know I did :) Thanks for the tip Barkworth!
Good luck with your trades!
BTW that pattern is Three White Soilders
When pointed it out to you, it was trading at $1.55. It had just closed a gap down from a spike a few weeks back, and seemed like a potential to look for an entry. I had the same feeling as you: a little pricey by market cap. But the EU hasn't even approved Epidiolex yet. Once that will happen, we may be looking at another big leg up. That drug is a real winner.