After having ended yesterday at $3.35, Cresco Labs is down to $3.34 today. Overall, a 0.3% move or 1 cents.
- New United States Crude Oil Inventories improved upon the previous -3.12 million figure while also exceeding analyst expectations with a reading of 3.92 million.
- Today's down move comes after a 5 day uptrend, during which Cresco Labs added 6.37% to its value.
Data for United States Crude Oil Inventories published today at 15:30 UTC came out at 3.92 million, beating projections of 1.36 million and showing improvement over the preceding figure of -3.12 million. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of -923,000, while the previous figure was 1.27 million.
Cresco Labs Inc.'s upper Bollinger Band® is at $3.5 which indicates a further downward move may follow. In contrast, although Cresco Labs is pointing down today (was as low as $3.09), it's climbing away from the $3.03 support line and is now 31 cents above it.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Cresco Labs to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Cresco Labs is expected to attract significant bearish sentiment in the coming days.
United States Consumer Price Index is expected tomorrow at 13:30 UTC. United States Core Consumer Prices is expected tomorrow at 13:30 UTC.
Novartis gained 2%, currently at $83.47. Anthem is up 2.71%. Merck added 2.03% to its value, now trading at $103.56.
Cresco Labs has recovered 37.3% since descending to a significant low of $2.44 around a month ago.