End of the rally? After four days of going up, Green Thumb Industries went down 2.63% today closing at $7.61

Today at a glance: Green Thumb Industries hovered around the $7.61 level after closing yesterday at $7.82 and shedding 2.63%, as it reached reached today's session close.

Green Thumb Industries is currently trading at $7.61 following the release of Services PMI data from the United States.

Crude Oil Inventories in United States fell short of market expectations (329,000) with a reading of -3.83 million, continuing the decline from the previous figure of 7.92 million.

Amid the market gloom, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States Existing Home Sales (May) released yesterday at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.

Green Thumb Industries Inc. fell below the $7.69 support zone and moved 8 cents beyond it; the next level of support with significant buyer interest is estimated at $7.56. Green Thumb Industries made an initial break below its 21 day Simple Moving Average at $7.55, a possible indication of a forthcoming negative trend. Green Thumb Industries's upper Bollinger Band® is at $7.87 which indicates a further downward move may follow.

Several technical indicators are adding weight to the bearish momentum seen today and forecasting Green Thumb Industries to extend its recent losses.

Green Thumb Industries was not the only decliner in the health care sector; Astrazeneca PLC drops 2.47% today to close at $73.95. Pfizer slips 1.11% today to close at $38.73. AbbVie slumps 1.08% today to close at $137.41.

On a negative trend for around a month. 6 months ago Green Thumb Industries reached a significant high of $15.63 but has consequently lost 49.98% since then.