| 
March 05, 2023
Friday at a glance: Aurora Cannabis rallied 3.06% and ended the session at 85.08 cents.
Aurora Cannabis Inc. made an initial breakout above its 5 day Simple Moving Average at 83.49 cents, a potential indicator of a newly emerging bullish phase. Aurora Cannabis's lower Bollinger Band® is at 77.8612 cents, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Aurora Cannabis could be slowing down soon; it is getting close to the resistance line and is now at 86.3867 cents, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
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 Stryker traded at $271.53 after closing Friday's trading day at $262.09 (up 3.6%). Abbott Laboratories was up 1.77%. Thermo Fisher Scientific was up 1.95%.
On a negative trend for around 29 days. Having soared to a high of $4.46 approximately 11 months ago, the Canadian cannabis spearhead is now trading 81.49% lower.
