Charlotte’s Web Stock (TSE:CWEB) (OTCMKTS:CWBHF) is currently at one of its lowest price levels in about five months. That is the result of a selloff that kicked off toward late September after the stock reached one of its highest watermarks at $23 in August.
You cannot rule out profit-taking as having contributed to the decline that has brought the stock to its current lows considering the stock pulled up from one of its lowest levels this year in July before the August breakout. A repeat of the August bull run that powered CWBHF to one of its highest price levels this year seems to be in the offing.
Firstly, after a string of declines for much of last week and early this week, CWBHF has begun showing signs of a comeback. The stock closed the last session (November 5), up. Now the stock has found immediate support at $10.9 from where it looks set for a powerful breakout as happened in March, June, and July.
In March, for instance, CWBHF bolted from a low of $13 on March 8 to reach its one-year peak of $25 in a space of fewer than 30 days on April 4. Profit-taking kicked off after that and the stock fell to around $10 in mid-June, from where it began rising again, topping $18.5 in early July. Investors again took profit and toward late July the stock was back down at around $13.5. From there it sprinted again, rising above $23 in August.
Generally, the charts show CWBHF has clear up and down patterns that investors can take advantage of to profit from the stock in the short-term. Presently at its lowest price levels this year, CWBHF looks primed for a powerful breakout. However, the stock needs to stay above its $10.9 support level and breach its immediate resistance at $13.9 to confirm a bounce back like the ones witnessed in March, June, and July.
About Charlotte’s Web Stock
CWBHF was founded by the Stanley Brothers. It is a manufacturer and distributor of hemp-derived CBD products for the health and wellness market. The company currently doesn’t operate in the marijuana product space.
While CWBHF typically recovers from its lows to sprint to new highs as the charts show, there are even more reasons the stock looks destined for greater highs from current levels.
CWBHF reporting Q3 results next week. The previous report was a hit and the stock soared
CWBHF plans to release its third-quarter financial results on November 13, which is the coming Wednesday. The company did not provide performance guidance for the quarter. However, its second-quarter results were a hit and the stock soared as a result. For the second quarter, CWBHF reported a 45% year-over-year increase in revenue, leading to a net profit of $2.2 million, which was up 9.0% year-over-year.
While CWBHF didn’t provide third-quarter guidance, the management left no doubt at the time of reporting second-quarter results that they expected the company to continue growing into the next quarter and beyond.
Subsequent to the close of the second quarter, Charlotte’s Web filled top executive positions including Tony True as Chief Customer Officer to build and lead a CPG sales organization; Paul Lanham as Chief Information Officer, and most recently, Russ Hammer as the Company’s Chief Financial Officer who brings substantial international as well as retail experience.
“We have been experiencing increased sales through both our e-commerce and retail sales channels…To effectively service projected growth, we have been building our executive leadership with experienced consumer-packaged goods (CPG) executives in sales, marketing, finance, data and operations,” commented Deanie Elsner, CEO of CWBHF.
CWBHF-Nielsen partnership to boost development of CBD products market
CWBHF has teamed up with global market intelligence firm Nielsen (NYSE: NSLN) on a mission to boost the development of the CBD products market in the United States. The partnership will provide information that retailers and consumer packaged goods (CPG) companies can leverage to power their CBD products businesses.
“…this new relationship will provide unprecedented visibility into market-leading trends, highlighting segments, brands and products that are resonating with consumers in the CBD market. This alliance will also provide insight into consumer attitudes, product preferences, use occasions and future intent tied to consumer interaction points within CPG categories,” CWBHF said in a statement.
As a producer of hemp CBD, CWBHF hopes to benefit from the growth of the CBD market.
Charlotte’s Web is a pioneer in the cannabis industry and has some of the best CBD oil products on the market. It is one of the most recognized brands worldwide and has received numerous awards. The company is well-known and has been around for nearly a decade.
Considering that CWBHF currently trades at one of its lowest price levels and is off nearly 60% from its peak year-to-date, you can pick up the stock at a steep discount. The fundamentals and technicals make Charlotte’s Web stock an attractive opportunity at current levels.
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Disclosure: We have no position in Charlotte’s Web stock and have not been compensated for this article.
Can Isodiol International Inc (CNSX:ISOL)(OTCMKTS:ISOLF) Break Out From Here?
Investors have jumped on Isodiol International Inc (CNSX:ISOL)(OTCMKTS:ISOLF) stock this month. The stock gained 62% on January 21, marking its best day so far in 2020. The stock has already gained 106% year-to-date. But do not think even for a minute that investors have warmed up to Isodiol stock for nothing. This is a stock with tremendous potential and at this point, the stock is just showing early signs of what is going to be a big breakout.
In case you are wondering why investors have started jostling for a piece of Isodiol early on in the year, this report answers that question and more. But before we delve into the details, it is important to first understand the company we’re discussing here.
About Isodiol International
Isodiol International is a Canadian company that has specialized in the making of pharmaceutical and consumer products derived from hemp. It makes CBD products derived from hemp grown and processed in the United States. Though Isodiol’s operations are currently concentrated in North America, the company has big expansion dreams. It has set its sights on expanding into Latin America, Asia, and Europe.
What exactly is drawing investors to Isodiol stock and why does it stand out as a good pick in the hemp/cannabis stock universe in 2020? The simple answer is that investors are beginning to realize Isodiol’s bright prospects as a CBD products company.
Isodiol bidding for…
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New Age Beverage (NASDAQ:NBEV) has taken a significant beating since the start of the year. A 60% plus slide attests to a stock under immense pressure. Amidst the underperformance in the stock market, the company has continued to do exceedingly well when it comes to core business execution and operation efficiency.
New Age Beverage Catalysts And Price Analysis
Triple-digit revenue growth is one of the developments that continues to affirm the company’s long-term prospects. The company also remains well-positioned to generate bottom-line growth backed by robust retail channels in the U.S as well as expansion in Asia. Integration of Morinda operations in China is another development likely to continue strengthening the company’s bottom line going forward.
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Increased activity around the $2.50 Put options could signal a potential change in the direction of trade. After the recent slide lower, the stock needs to rise and find support above the $2.40 resistance level. A rally past the $2.40 level should reaffirm New Age Beverages bounce back prospects.
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CV Sciences, Inc. (OTCMKTS:CVSI) is currently trading at one of its lowest price points in about a year. The decline that has taken the stock to its current lows began unfolding in mid-September.
By late September, CVSI had lost so much ground that the stock was trading below $1.60. However, it again began moving up and in early October the stock had climbed back up enough to flirt with $2.60. From that level, CVSI retreated and by mid-October it was doing rounds at about $1.85. The stock began climbing back up again and toward late October it was trading well above $2. But in late October until now it has begun pulling back again, closing down in three of the last five trading sessions.
Looking at the charts, you cannot dispute that CVSI has demonstrated a pattern that investors can take advantage of to profit from the stock in short-terms. After rallying, CVSI tends to pull back, thereby allowing investors who may have missed its previous bull run to get on board before it begins another flight. Therefore, you shouldn’t be surprised if CVSI sharply reverses course and begins trending up from current levels.
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