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May 17, 2023
After closing the previous trading day at 57.19 cents, Aurora Cannabis is up to 57.85 cents, which makes for a move of 1.15%/0.66 cents today.
- New United States Crude Oil Inventories improved upon the previous 2.95 million figure while also exceeding analyst expectations with a reading of 5 million.
- Today's gains are adding to Aurora Cannabis's a 3 day bullish trend, during which it gained a total of 1.19 cents.
Data for United States Crude Oil Inventories published today at 14:30 UTC came out at 5 million, beating projections of -920,000 and showing improvement over the preceding figure of 2.95 million. United States Building Permits (Apr) released today at 12:30 UTC with a figure of 1.42 million, while the previous figure was 1.44 million.
Aurora Cannabis Inc. made an initial breakout above its 3 day Simple Moving Average at 57.23 cents, a potential indicator of a newly emerging bullish phase. Aurora Cannabis's lower Bollinger Band® is at 54.9581 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 59.46 cents, only 2 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.
United States Philadelphia Fed Manufacturing Index (May) is scheduled for tomorrow at 12:30 UTC. United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released tomorrow at 12:30 UTC.
Novartis is down to $101, losing 1.77%, after ending yesterday at $102.81. Sanofi is trading around $53.36 (down 2.18%). After closing the previous session (yesterday) at $116.08, Merck lost $2.17 and is trading around $113.91.
Having soared to a high of $3.09 approximately a year ago, the Canadian cannabis producer is now trading 81.49% lower.
