Aurora Cannabis closed at 60 cents yesterday, after four straight days of gains

Yesterday at a glance: after ending Thursday at 59.5 cents, Aurora Cannabis went up to 60.82 cents only to drop back, yet still traded well overall and closed at 60 cents yesterday.

Meanwhile, United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 236,400, while the previous figure was 244,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 185,300, while the previous figure was 189,900.

Aurora Cannabis Inc.'s lower Bollinger Band® is at 56.6416 cents, indicating that the market is oversold and fertile for new buyers. Despite this, Aurora Cannabis is 1 cents away from testing key resistance at 61.0433 cents. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, looking at the technical analysis landscape, it seems Aurora Cannabis might continue pointing upwards in the short term.

This rally in Aurora Cannabis's share price coincided with other health care stocks as Thermo Fisher Scientific gained 2.19%, as it traded at $554.9. AbbVie added 1.51% to its value, and traded at $151.12.

While Aurora Cannabis was bullish yesterday, the following health care stocks underperformed: Sanofi falls 4.35% yesterday to close at $56.09.

On a negative trend for around 2 months. Aurora Cannabis hit a significant low of 56.4 cents around 4 days ago, but has since recovered 5.5%.