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The CAN stock price responded positively to analyst upgrades projecting higher mining hardware sales in Asia. Price action reflected confidence with intraday gains sustaining above key moving averages. To be sure, signals suggesting a too-expensive stock market are famously bad at predicting turning points in the market. Stocks can stay expensive for a while, as long as investors stay willing to pay the high prices. Got a confidential news tip? We want to hear from you. Volatility indicators for CAN stock price suggest compression in recent sessions, which often precedes trend extensions. Investors are monitoring the $2.35 support as a pivotal level for near-term strategy.
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