| 
July 03, 2023
Over the last 7 days, Aurora Cannabis has fallen 13.37%. More of the same from Friday's session: the Canadian cannabis spearhead has recovered almost all of its session losses after dipping down to 51.5 cents Friday.
United States ISM Manufacturing PMI (Jun) is next today at 14:00 UTC.
Despite being in the red so far in the current trading session, Aurora Cannabis Inc. peaked above its 5 day Simple Moving Average around 53.764 cents — typically an early indicator of a new bullish trend beginning to emerge. Aurora Cannabis's lower Bollinger Band® is at 49.926 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Aurora Cannabis could begin to recover as it approaches significant support, now 2 cents away from 51.9467 cents. Dipping below could be an indication that further losses are ahead.
Technical analysis shows that Aurora Cannabis (currently on a downtrend) might reverse course and start going up in the short term.
On the other hand, positive performances could be seen by looking at other health care stocks as Novo Nordisk was up 3.06%. Pfizer was up 1.55%.
Furthermore, United States ISM Manufacturing PMI (Jun) is expected today at 14:00 UTC.
The stock has been trending positively for about 29 days. Over the past 10 months, the Canadian cannabis spearhead has retreated 71.62% from a noteworthy peak of $1.89.
