After seven days of going down, Aurora Cannabis is stable today, trading around 81.82 cents

Aurora Cannabis is trading at 81.82 cents after closing the previous day at 81.7 cents.

Aurora Cannabis's state is reflected by market data as highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 190,000. Data for United States Crude Oil Inventories released yesterday at 15:30 UTC is better than expected with 1.17 million, but worse than previous figure of 7.65 million. United States ISM Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 47.7, while the previous figure was 47.4.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Aurora Cannabis's upper Bollinger Band® is at $1.09 and the lower is 76.1007 cents. Technical analysis shows that Aurora Cannabis bounced after reaching the 80.67 cents support zone, climbing 1 cents above it.

The current technical outlook indicates Aurora Cannabis will continue to ebb sideways within tight ranges for the immediate future.

Meanwhile, mixed performances are seen in other health care stocks as Abbott Laboratories is up 1.45% to $102.3. Novartis gained 1.03%, currently at $84.68. Thermo Fisher Scientific is trading at $544.59 after ending yesterday's session at $538.52 (up 1.13%).

Furthermore, the market is looking at United States ISM Non-Manufacturing PMI (Feb) will be released tomorrow at 15:00 UTC.

The Canadian cannabis spearhead is now trading 81.68% below the significant high of $4.46 it set around 11 months ago.