It Looks Like Aurora Cannabis' Stock Is Reaching Crunch Time

Aurora 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 was up 6.66% at $6.81 at market close Tuesday.

Aurora 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 …

Full story available on Benzinga.com

More It Looks Like Aurora Cannabis' Stock Is Reaching Crunch Time