Canopy Growth Corporation (NASDAQ: CGC) blazed over 50% higher at one point on Monday amid a sentiment change in the cannabis sector, which was propelled by the Department of Health and Human Services proposing the reclassification of marijuana to a lower-risk drug category.

The cannabis giant has surged about 230% since Aug. 30 on higher-than-average volume, indicating a high level of interest in the stock and a possible sector reversal after a long period of stagnation.

Volume is the total number of shares traded in a security within a specific period of time. It’s a momentum indicator used by technical traders to gauge overall interest and sentiment in a stock. Volume is also used as an indicator to confirm a trend or trend change.

When bullish trading volume increases, the stock's share price …

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