5 days and 24 cents of gains were not enough. Consistent for now — after closing the previous trading day at $1.28, Aurora Cannabis is up to $1.29, which makes for a move of 1.17%/1.5 cents today.
Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Aurora Cannabis's upper Bollinger Band® is at $1.35, this is a slight indication of a slowdown.
Notwithstanding Aurora Cannabis's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
This rally in Aurora Cannabis's share price coincides with other health care stocks as Anthem is up 2.71% to $482.58.
While Aurora Cannabis is higher so far today, these health care stocks are struggling: after closing the previous session (Friday) at $273.81, Amgen lost $3.23 and is trading around $270.58.
Elsewhere, United States ISM Manufacturing PMI (Oct) is scheduled for tomorrow at 14:00 UTC. United States JOLTs Job Openings (Sep) scheduled to come out tomorrow at 14:00 UTC.
Aurora Cannabis is now trading 23.08% above the significant low ($1.04) it slumped to 7 days ago.