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Cresco Labs ended Thursday at $1.52, a 6.29% increase

10 April 2023

CRLBF

The US stock market is closed for the Good Friday holiday and resumes today. Meanwhile, here is a recap of Thursday: after ending Wednesday at $1.43, Cresco Labs went up to $1.57 only to drop back, yet still traded well overall and closed at $1.52 Thursday.

Cresco Labs Inc. made an initial breakout above its 10 day Simple Moving Average at $1.53, a potential indicator of a newly emerging bullish phase. Despite this, although Cresco Labs is appreciating today after rising as high as $1.57, price action is now slowing and consolidating around 6 cents below the $1.58 resistance level.

Overall, looking at the technical analysis landscape, it seems Cresco Labs might continue pointing upwards in the short term.

This rally in Cresco Labs's share price coincided with other health care stocks as Bristol-Myers Squibb Company was up 2.15%. Sanofi was up 2%. Eli Lilly and Company added 1.67% to its value, and traded at $368.29.

Also worthy of note, United States EIA Short-Term Energy Outlook is expected tomorrow at 16:00 UTC.

On a negative trend for around 30 days. 11 months ago the consumer lifestyle brand developer reached a significant high of $5.68 but has consequently lost 74.85% since then.

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