A quick look at Friday: Aurora Cannabis plunged into the red after losing 5.07%, declining to $1.31.
Aurora Cannabis Inc. made an initial break below its 50 day Simple Moving Average at $1.31, a possible indication of a forthcoming negative trend. Aurora Cannabis is currently flirting with an active Fibonacci support level around $1.33. In contrast, although Aurora Cannabis is down today and was as low as $1.24, it seems to be recovering slightly and climbing away from the $1.22 support line and is now 9 cents above it.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting Aurora Cannabis to extend its recent losses.
On the other hand, positive performances could be seen by looking at other health care stocks as Anthem added 2.71% to its value, and traded at $482.58. Novartis traded at $81.72 after closing Friday's trading day at $80.38 (up 1.67%). Abbott Laboratories was up 1.68%.
Furthermore, United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.
Having set a significant high of $8.5 14 days ago, Aurora Cannabis is trading 32.69% lower.