Aurora Cannabis: Medical Market In Focus, Golden Cross Suggests Stock Uptrend Ahead Of Q1 Earnings
Aurora Cannabis Inc (NASDAQ:ACB) recently saw its stock make a Golden Cross, a bullish technical pattern signaling a potential uptrend.
This comes ahead of the company’s earnings report scheduled for May 20.
Despite a tumultuous few years that saw its shares plummet by over 95%, Aurora stock has shown resilience. It’s up 2.46% over the past year and 39.86% year-to-date.
The leading cannabis producer has also been focusing on strengthening its financial position and operational efficiency, which has been well-received by investors.
Analysts Urge Caution
One of the key drivers of Aurora’s recent growth has been its international medical cannabis sales, particularly in markets like Germany and …