Aurora Cannabis Inc (NASDAQ: ACB) shares are trading higher Tuesday, although the company reported earnings with missed estimates. The company had sales of C$54.8 million, missing the analyst estimate of C$56.4 million.
Aurora Cannabis was up 6.66% at $6.81 at market close Tuesday.
Aurora Cannabis Daily Chart Analysis
- The stock looks to be nearing a critical point in what technical traders call a descending triangle pattern.
- The $6.50 level has been able to hold as support multiple times in the past but recently fell below the level for a short period of time before bouncing back. This support level is pinching between a …