ACB Stock Price: Aurora Cannabis Inc. stays side-lined pre-market
|- ACB trades around Thursday’s close at 0.83 pre-market.
- Wall St. expected to open slightly in the red on Friday.
Following the inconclusive price action on Thursday, Aurora Cannabis Inc. (ACB) is seen opening around the 0.83 area at the end of the week.
In the meantime, futures of the US main equities benchmarks point to a mild negative start of the session on Friday amidst unabated COVID-19 concerns and with the monthly labour market report in the centre of the debate, particularly following the recent surge in weekly Initial Claims. On the latter, all the attention on Friday is expected to be on the release of March's Non-farm Payrolls (-100K exp.) and the performance of the jobless rate (3.8% exp.).
In the meantime, ACB is posed to extend the weekly side-line theme following the correction lower from Friday’s tops at 1.13. Furthermore, extra rangebound trading appears in the pipeline, as signalled by the daily RSI around the 41 region.
Aurora Cannabis Stock Price
At the moment (pre-market), the stock is gaining 0.02% at 0.83 and a breach of 0.78 (weekly/monthly low Apr.1) would expose 0.60 (2020 low Mar.19) and then 0.34 (monthly low Aug.2016). On the upside, the next up barrier emerges at 1.13 (weekly high Mar.27) seconded by 1.41 (55-day SMA) and finally 1.79 (high Feb.20).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.