Falling for five consecutive days, Cresco Labs ended the session at $1.48 (down 1.33%)

A quick look at yesterday: a tough session dominated by bearish sentiment left Cresco Labs 2 cents lower, while setting a $1.43 to $1.54 session range.

While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. United States CFTC Gold speculative net positions came out at 195,800. Fresh CFTC Nasdaq 100 speculative net positions data from United States came out at 21,400.

Cresco Labs Inc. made an initial break below its 21 day Simple Moving Average at $1.52, a possible indication of a forthcoming negative trend. In contrast, Cresco Labs could begin to recover as it approaches significant support, now 5 cents away from $1.43. Dipping below could be an indication that further losses are ahead.

In the short term, Cresco Labs is expected to maintain its recent downtrend and continue spiralling lower.

Cresco Labs was not the only decliner in the health care sector; Bristol-Myers Squibb Company lost 1.48% yesterday and closed at $68.06. Thermo Fisher Scientific closed at $524.65 (down 0.97%).

On the other hand, positive performances could be seen by looking at other health care stocks as Novo Nordisk traded at $171.27 after closing yesterday's trading day at $169 (up 1.35%).

The medical marijuana company has fallen back around 64.11% over the past 8 months, from a notable high of $4.18.