Small cap with huge potential- has had a nice move since
our previous post, but the stock is now entering a very exciting zone where Volume resistance
declines greatly. A break above $9.00 could result in a frantic rally higher.
It is a volatile stock in a volatile sector so trade with care using Pivot points and Fibonacci
levels as targets . RSI is strong...
Possible Breakout above downtrend.
Strong bounce off the 50ma and horizontal support.
Limited price resistance above having cleared POC
Alert set for break above $7.00
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GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March...
GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March...
May 14, 2020 saw positive news and reported record revenue of $33.0 million for the Q1 2020 and record adjusted EBITDA of $2.7 million. Q1 2020 was the company's 10th consecutive quarter of record revenue.
GRWG continue to outpace guidance, and are increasing 2020 revenue guidance to $135M-$140M and Adjusted EBITDA to $12.0M-$14.0M.
On top of the good news and...
I'm certainly not the first person to talk about GRWG on this site but I do want to echo the fact that GRWG is one of the most promising - although an auxiliary player - in the weed industry. GrowGeneration focuses on hydroponic retail stores, including selling supplies/materials and assisting clients in growing weed and amongst other things.
Whats key here, is...
GrowGeneration Corp. retails hydroponic and organic specialty gardening products. The company owns and operates a chain retail hydroponic and gardening stores and an online e-commerce store, HeavyGardens. Its stores sells various products, including organic nutrients and soils, advanced lighting technology, hydroponic and aquaponic equipment, and other products...
GrowGeneration posted a positive earnings surprise, large YoY revenue and earnings growth, plenty of cash on hand, and a net profit on its last earnings report. It has a buy rating from all four analysts that cover the stock, and an average price target of S7.25 (over 60% above the current price). The stock got listed on the Nasdaq stock exchange on December 2,...
Recent uplising news coupled with solid earnings and upgrades should take this back up to the high end of the range... $4.40 in sight... next target $5.00... look for friction @ 50MA 4.11 @ 100MA 4.45... Stop@ $3.60... sell 1/2 @4.80 then watch for direction...
All IMO...
$GRWG
