After closing the previous trading day at $2.38, Curaleaf is up to $2.45, which makes for a move of 3.11%/7.4 cents today.

Curaleaf is currently trading at $2.45 following the release of Crude Oil Inventories data from the United States.

At the same time, United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released today at 12:30 UTC with a figure of 5%, while the previous figure was 6%. United States Core Consumer Prices released today at 12:30 UTC with a figure of 0.4%, while the previous figure was 0.5%.

Technical analysis trend indicators suggest that Curaleaf Holdings, Inc. made an initial breakout above its 5 day Simple Moving Average at $2.45, a potential indicator of a newly emerging bullish phase. Momentum evaluation shows that the Relative Strength Index indicates Curaleaf is in strong oversold condition. As the day gets underway, chart analysis suggests Curaleaf broke through the $2.42 resistance, climbing 3 cents above it.

With market volatility ebbing, the current technical outlook indicates Curaleaf will remain range-bound for the immediate future.

This rally in Curaleaf's share price coincides with other health care stocks as Novo Nordisk is trading at $163.04 after ending yesterday's session at $158.37 (up 2.95%). Astrazeneca PLC is up 2.18%. Sanofi added 1.47% to its value, now trading at $56.03.

Moreover, macro data could boost sentiment further as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC.

Also worthy of note, projections for United States Initial Jobless Claims are set for a continuation of decline with 232,000 while previous data was 228,000; data will be released tomorrow at 12:30 UTC.

Furthermore, the market is looking at United States FOMC Meeting Minutes scheduled to come out today at 18:00 UTC.

On a negative trend for around 3 months. The US-based cannabis dispensary reached a significant high of $7.57 around 4 months ago but has lost 68.61% since then.