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April 29, 2023A quick look at yesterday: after a mostly steady day, the medical cannabis provider lost 3.85% deep into the session, closing at 50 cents.
Meanwhile, United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 236,400. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 185,300, while the previous figure was 189,900.
OrganiGram Holdings Inc. could begin to recover as it approaches significant support, now 1 cents away from 49 cents. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, OrganiGram Holdings peaked above its 10 day Simple Moving Average around 52.611 cents — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems OrganiGram Holdings —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
OrganiGram Holdings was not the only decliner in the health care sector; Sanofi went down 4.35%, closed at $56.09.
On the other hand, positive performances could be seen by looking at other health care stocks as Thermo Fisher Scientific gained 2.19%, as it traded at $554.9. AbbVie traded at $151.12 after closing yesterday's trading day at $148.87 (up 1.51%).
On a negative trend for around 3 months. OrganiGram Holdings hit a significant low of 50 cents around a day ago, but has since recovered 4%.
