After closing the previous trading day at 91 cents, Aurora Cannabis is up to 91.63 cents, which makes for a move of 0.69%/0.63 cents today.
With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Aurora Cannabis's lower Bollinger Band® is at 88.9241 cents, indicating that the market is oversold and fertile for new buyers.
All in all, the technical analysis suggests Aurora Cannabis has no clear-cut direction.
Rallies can also be seen in other health care stocks, UnitedHealth is up 0.79%. Eli Lilly and Company is trading at $347.06 after ending Friday's session at $345.12 (up 0.56%).
Meanwhile, Sanofi is trading around $47.08 (down 0.97%).
The market is looking forward to the release of new data: United States Consumer Price Index is expected tomorrow at 13:30 UTC. United States Consumer Price Index figure is projected at 6.2%. It previously stood at 6.5%; data will be released tomorrow at 13:30 UTC. United States Core Consumer Prices is expected tomorrow at 13:30 UTC.
Having set a significant high of $4.7 11 months ago, the Canadian cannabis producer is trading 80.64% lower.