OGRMF - OrganiGram Stock Consistently Holds Above The 50-Day MA

OrganiGram stock is one of the few cannabis stocks which has been consistently trading above the 50-Day Moving Average Price. OrganiGram Holdings (TSXV:OGI) (OTCQX:OGRMF) stock has been doing very well since the beginning of this year with a gain of over 80%.

The 50-day moving average is a popular technical indicator which traders use to analyze price trends. It is just a security’s average closing price over the last 50 trading sessions.

In fact, OrganiGram stock has not dropped below the 50-Day MA since early February, 2019. While other popular stocks like Aurora Cannabis ...