Just over three months ago, I’d warned investors that the cannabis sector looked especially shaky in the middle of spring. At the time, industry experts and analysts were issuing warnings about earnings for top producers. Recreational sales disappointed in 2019 after a hot start following legalization in October 2018.

The crisis at CannTrust has exacerbated these problems and cast a shadow over the young sector. Horizons Marijuana Life Sciences ETF has plunged 20% over the past month as of close on July 24. So, should investors be fearful or greedy as volatility strikes cannabis stocks?

In the case of Aurora Cannabis I would argue for the latter approach. Aurora stock has plummeted 30% over the past three months. This recent dip has pushed shares into the low end of its 52-week range. The stock had an RSI of 32 as of close on July 24, which puts Aurora just outside technically oversold territory…CLICK for complete article