Yesterday at a glance: OrganiGram Holdings closed a flat day of trading at 49 cents yesterday after ending Thursday at 48.91 cents.
OrganiGram Holdings's state is reflected by market data as United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. United States CFTC Gold speculative net positions came out at 179,800. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 20,000, while the previous figure was 21,400.
A study of OrganiGram Holdings's chart reveals various key levels to watch: OrganiGram Holdings Inc. is currently alternating around 47.5067 cents with price action moving above and below this key level throughout the session. Trend-following investors would be interested to note that OrganiGram Holdings made an initial breakout above its 10 day Simple Moving Average at 48.999 cents, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that OrganiGram Holdings's upper Bollinger Band® is at 52.8964 cents, suggesting that a downward move may follow.
Overall, while OrganiGram Holdings has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Meanwhile, mixed performances were seen by other health care stocks as Sanofi traded at $55.03 after closing yesterday's trading day at $53.86 (up 2.17%). Merck was up 1.31%. AbbVie gained 1.16%, as it traded at $145.11.
Trending downwards for around 4 months. 4 days ago, the medicinal cannabis specialist fell to a low of 45.1 cents but has since recovered 8.45%.