After six days of losses, Green Thumb Industries gains 3.7% in after-hours trading after closing at $8.1 (-0.65%) yesterday

Yesterday at a glance: an influx of sellers pushed Green Thumb Industries to session lows around $7.94 while establishing a $7.94 to $8.15 session range yesterday.

Highly important Unemployment Rate data from United States beat analyst expectations of 3.4 with a reading of 3.6.

This down-slide takes place despite the positive US macroeconomics indicators data that was published earlier — data for United States Non Farm Payrolls released yesterday at 13:30 UTC is better than expected with 311,000, but worse than previous figure of 504,000.

Meanwhile, United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 107,100, while the previous figure was 128,800.

Chart analysis suggests Green Thumb Industries Inc. could begin to recover as it approaches significant support, now 25 cents away from $7.85. Dipping below could be an indication that further losses are ahead. Trend-focused traders would be interested to note that 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. Fibonacci-minded traders witnessed a key Fib level of $7.94 holding firm – an indicator of highly concentrated demand around this level. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $7.95, a low enough level to, generally, suggest that Green Thumb Industries is trading below its fair value.

With market volatility ebbing, the current technical outlook indicates Green Thumb Industries will remain range-bound for the immediate future.

Green Thumb Industries was not the only decliner in the health care sector; Medtronic lost 1.64% yesterday and closed at $76.72. Thermo Fisher Scientific went down to $543.83, losing 1.7% after it closed at $553.21 yesterday.

On the other hand, positive performances could be seen by looking at other health care stocks as AbbVie traded at $149.71 after closing yesterday's trading day at $147.35 (up 1.6%).

The stock has been trending positively for about a month. Green Thumb Industries is now trading 28.47% below its 3-month high of $19.09.