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Barchart
Barchart
Wajeeh Khan

Tilray Stock Pops on New Trump-Driven Cannabis Hopes. Should You Chase the Rally?

Tilray Brands (TLRY) stock closed meaningfully higher on Monday after President Donald Trump urged the DOJ, during an Oval Office event, to expeditiously reclassify cannabis as a Schedule III drug. 

As investors cheered this renewed urgency from the White House, TLRY broke decisively above its 50-day moving average (MA), indicating shifting momentum in favor of the bulls. 

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