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Benzinga
Benzinga
Business
Melanie Schaffer

SHOCKING: Psychedelics sector poised to soar if compass pathway s chart breaks this pattern | Mind Blowing Facts

Compass Pathways

Compass Pathways (NASDAQ:CMPS) has been trading relatively stronger than the S&P 500 recently, in a mostly sideways consolidation pattern compared to the market ETF, which entered into a steep downtrend on Aug. 16.

The psilocybin therapy-focused life sciences company surged 181% between the weeks of May 16 and Aug. 8 and has spent the period since consolidating on decreasing volume on the weekly chart.

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