A quick look at yesterday: slightly down but mostly flat: Curaleaf ranged between $2.41 and $2.59 before closing at $2.44.
United States Philadelphia Fed Manufacturing Index (Apr) is next today at 12:30 UTC.
United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -4.58 million, falling short of the -1 million projections and continuing its decline from the previous 597,000 figure.
Amid the market gloom, United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909. United States Cushing Crude Oil Inventories came out at -1 million, while a consensus of analysts was expecting 622,000.
Curaleaf Holdings, Inc. could begin to recover as it approaches significant support, now 7 cents away from $2.37. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Curaleaf peaked above its 10 day Simple Moving Average around $2.47 — typically an early indicator of a new bullish trend beginning to emerge.
Despite suffering losses in today's session, technical analysis is indicating that Curaleaf will undergo a significant bounce in the immediate term.
On the other hand, positive performances could be seen by looking at other health care stocks as Abbott Laboratories was up 7.82%. Intuitive Surgical was up 10.88%. Medtronic traded at $84.87 after closing yesterday's trading day at $81.65 (up 3.94%).
Looking ahead, ongoing depreciation may be prolonged as United States Initial Jobless Claims projected to come out at 240,000 — worse than previous data of 239,000; data will be released today at 12:30 UTC.
Furthermore, United States Philadelphia Fed Manufacturing Index (Apr) scheduled to come out today at 12:30 UTC. United States Existing Home Sales (Mar) will be released today at 14:00 UTC.
Pointing downwards for around 4 months. Over the past 4 months, the leading medical and recreational marijuana dispensary has retreated 67.64% from a noteworthy peak of $7.57.