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June 10, 2023A quick look at yesterday: OrganiGram Holdings went up to 42.5 cents yesterday after ending Thursday at 41.98 cents. Overall, a 1.24% move or 0.52 cents.
At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 172,400, while the previous figure was 162,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 175,600, while the previous figure was 169,300. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 8,800, while the previous figure was 8,500.
OrganiGram Holdings Inc. could be slowing down soon as it approaches resistance at 42.7033 cents. Of course, crossing it might suggest further gains are ahead. Despite posting gains on yesterday, OrganiGram Holdings slid below its 10 day Simple Moving Average at 41.155 cents during the last session — an early indicator that a negative trend could be emerging.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest OrganiGram Holdings is set for a reversal in the coming days.
This rally in OrganiGram Holdings's share price coincided with other health care stocks as Stryker traded at $280.64 after closing yesterday's trading day at $276.77 (up 1.4%). Abbott Laboratories traded at $101.69 after closing yesterday's trading day at $100.78 (up 0.9%). Medtronic was up 0.76%.
Trending downwards for around 4 months. The medicinal cannabis specialist is now trading 13.15% above the significant low (37.1 cents) it slumped to 10 days ago.
