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Takeaway: We are removing THC from Investing Ideas today.

A note from Hedgeye CEO Keith McCullough:

On today’s +4% rally, THC is signaling immediate-term TRADE #overbought within a Bearish intermediate-term @Hedgeye TREND signal.

To be clear, that signal is purely quantitative (our Healthcare analyst Tom Tobin remains bullish from a research perspective, longer-term) but it’s what I use to risk manage losses.

If Tom is still bullish on it, I’d like to buy THC back at a lower price.

***No change to our Healthcare analyst's fundamental call. Click here to read the original report.