Yesterday at a glance: Aurora Cannabis shed 5.07%, falling to $1.31.
Data from United States concerning Unemployment Rate was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 3.5 to 3.7 this month.
This down-slide takes place while positive United States macroeconomics indicators data was published earlier – data from United States concerning Non Farm Payrolls was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 315,000 to 261,000 this month.
Amid the market gloom, United States CFTC S&P 500 speculative net positions released yesterday at 19:30 UTC with a figure of -175,100, while the previous figure was -219,100.
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. Despite this, Aurora Cannabis could begin to recover as it approaches significant support, now 9 cents away from $1.22. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen yesterday 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 traded at $482.58 after closing yesterday's trading day at $469.87 (up 2.71%). Novartis was up 1.67%. Abbott Laboratories was up 1.68%.
Aurora Cannabis hit a significant low of $1.04 around 12 days ago, but has since recovered 32.69%.