Friday at a glance: Aurora Cannabis hovered around the $1.35 level after closing Thursday at $1.45 and shedding 6.9%, as it reached reached Friday's session close.
Aurora Cannabis Inc. made an initial break below its 10 day Simple Moving Average at $1.39, a possible indication of a forthcoming negative trend. Aurora Cannabis is currently flirting with an active Fibonacci support level around $1.39. Despite this, Aurora Cannabis could begin to recover as it approaches significant support, now 5 cents away from $1.3. Dipping below could be an indication that further losses are ahead.
Looking forward, Aurora Cannabis is poised to extend its strong downtrend and continue declining.
On the other hand, positive performances could be seen by looking at other health care stocks as Novartis was up 2.68%. UnitedHealth was up 2.85%. Anthem traded at $482.58 after closing Friday's trading day at $469.87 (up 2.71%).
The stock has been trending positively for about a month. Aurora Cannabis has shed $5.69 points and is languishing 79.69% lower over the past year, leaving its yearly highs around $7.04 in the rear-view mirror.