OrganiGram Holdings is growing its four-day winning streak by closing at 40 cents, gaining 1.88%.

Yesterday at a glance: after closing at 39.26 cents on Friday, OrganiGram Holdings maintained a strong bullish bias that helped the stock close higher at 40 cents yesterday. However, market bears ensured the the medicinal cannabis specialist topped out at 41 cents and that by the end of the session, the market had marked out a distinct 38.45 cents to 41 cents range.

United States EIA Short-Term Energy Outlook is next today at 16:00 UTC.

At the same time, United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9. United States Services PMI came out at 54.9, while a consensus of analysts was expecting 55.1. Data from United States concerning Factory Orders was released yesterday at 14:00 UTC. Newly published figures emphasized continued decline from last month's figure of 0.6% to 0.4% this month.

OrganiGram Holdings Inc. made an initial breakout above its 5 day Simple Moving Average at 40.11 cents, a potential indicator of a newly emerging bullish phase. OrganiGram Holdings's lower Bollinger Band® is at 36.2128 cents, indicating that the market is oversold and fertile for new buyers. Despite this, OrganiGram Holdings could be slowing down soon; it is getting close to the resistance line and is now at 41.1833 cents, only 1 cents away. Crossing the resistance line could, however, suggest that 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 Amgen traded at $221.88 after closing yesterday's trading day at $218.07 (up 1.75%). Johnson & Johnson traded at $158.32 after closing yesterday's trading day at $156.97 (up 0.86%). Intuitive Surgical added 1.7% to its value, and traded at $317.49.

Also worthy of note, as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1.15 million, following on from the preceding figure of 4.49 million. New data is set to be published tomorrow at 14:30 UTC.

Furthermore, the market is looking at United States EIA Short-Term Energy Outlook will be released today at 16:00 UTC.

Pointing downwards for around 4 months. The medicinal cannabis specialist has shed 65.64% over the past six months.