Cresco Labs closes at $1.52 after gaining 6.29%

Investors are currently sidelined due to the Good Friday holiday but will return to their desks Monday. Looking back over the previous session Thursday: after ending Wednesday at $1.43, Cresco Labs went up to $1.57 only to drop back, yet still traded well overall and closed at $1.52 Thursday.

Cresco Labs's uptick comes amid good United States macroeconomic data released during the day — United States Unemployment Rate beat analyst expectations of 3.6 and the previous reading of 3.6 with new data of 3.5.

On the flip side, highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000.

At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

Cresco Labs Inc. made an initial breakout above its 10 day Simple Moving Average at $1.53, a potential indicator of a newly emerging bullish phase. Despite this, although Cresco Labs is appreciating today after rising as high as $1.57, price action is now slowing and consolidating around 6 cents below the $1.58 resistance level.

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

A look at other health care stocks also showed bullish price action as Bristol-Myers Squibb Company gained 2.15%, as it traded at $70.74. Sanofi was up 2%. Eli Lilly and Company added 1.67% to its value, and traded at $368.29.

Trending downwards for around 30 days. 1 year, 1 day ago the consumer lifestyle brand developer reached a significant high of $5.87 but has consequently lost 75.64% since then.