Signs An Aurora Cannabis Technical Breakout May Be Imminent (NYSE:ACB)Posted by On



Aurora Cannabis Inc (NYSE: ACB) is off to a hot start to 2019, but the stock is still trading well below its 2018 highs. The stock has been trading in a very narrow range for roughly a month now, and technical traders are anticipating a breakout in one direction or another in the near future.

Technical Trends

Aurora shares have been trapped in a narrow horizontal trading range between around $8.50 and $9.25 since mid-March. For a stock with a history of extreme volatility, Aurora has been stuck in an extended low-volatility consolidation period.

Aurora last tested the top of the consolidation channel April 22 when it closed at $9.23 before turning lower once again. It bounced off the bottom of the channel when it closed at $8.50 on April 15 and then bounced after opening at the same level the following day.

Despite the extended breather, Aurora shares are sitting on…



Original Author Link click here to read complete story..

News

AuroraBreakoutcannabisimminentNYSEACBSignsTechnical

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.