Canopy Growth Corporation (NASDAQ: CGC) is set to print its second-quarter earnings after the markets close Thursday. The stock was sliding over 9% heading into the event.

When Canopy Growth printed first-quarter earnings on Aug. 9, the stock plunged about 10% the following day. The stock then traded mostly sideways between 38 cents and 48 cents before skyrocketing about 400% between Aug. 29 and Sept. 12.

For that quarter, Canopy Growth reported sales of $90.16 million, which beat the analyst consensus estimate of $68.01 million.

For the second quarter, analysts, on average, estimate Canopy Growth will report a loss of 13 cents per share on revenues of $68.05 million.

From a technical analysis perspective, …

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