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July 01, 2023
Yesterday at a glance: OrganiGram Holdings recovered from the previous trading session's losses and went up to 39 cents yesterday after it traded lower at 37.33 cents.
Meanwhile, United States Core PCE Price Index (YoY) (May) released yesterday at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -208,300, while the previous figure was -239,300.
OrganiGram Holdings Inc. made an initial breakout above its 5 day Simple Moving Average at 38.7 cents, a potential indicator of a newly emerging bullish phase. OrganiGram Holdings's lower Bollinger Band® is at 37.2925 cents, indicating that the market is oversold and fertile for new buyers. Despite this, OrganiGram Holdings could be slowing down soon as it approaches resistance at 39.5567 cents. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems OrganiGram Holdings likely to continue pointing upward in the short term.
A look at other health care stocks also showed bullish price action as Novo Nordisk added 3.06% to its value, and traded at $161.83. Pfizer traded at $36.68 after closing yesterday's trading day at $36.12 (up 1.55%). Novartis was up 1.56%.
Pointing downwards for around 5 months. The medical cannabis provider has shed 39.13% over the past three months.
