It Seems Aurora Cannabis Inc Will Go Up. Have Big Gap Up Today

 It Seems Aurora Cannabis Inc Will Go Up. Have Big Gap Up Today

The stock of Aurora Cannabis Inc (CVE:ACB) gapped up by $0.26 today and has $4.31 target or 29.00% above today’s $3.34 share price. The 9 months technical chart setup indicates low risk for the $1.04B company. The gap was reported on Nov, 16 by Barchart.com. If the $4.31 price target is reached, the company will be worth $301.60M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 10.24 million shares traded hands or 138.69% up from the average. Aurora Cannabis Inc (CVE:ACB) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

More recent Aurora Cannabis Inc (CVE:ACB) news were published by: Seekingalpha.com which released: “Aurora Cannabis: Overvalued + A Misleading Management Team = SHORT” on November 08, 2016. Also Seekingalpha.com published the news titled: “Aurora Cannabis: An Execution Story” on September 16, 2016. Seekingalpha.com‘s news article titled: “Aurora Cannabis: Poised To Dominate Canadian Marijuana” with publication date: September 28, 2016 was also an interesting one.

Aurora Cannabis Inc. is engaged in the production and sale of medical cannabis. The company has a market cap of $1.04 billion. The Firm is engaged in the business of producing and distributing medical marijuana pursuant to the Access to Cannabis for Medical Purposes Regulations . It currently has negative earnings. The Company’s product types include Tetrahydrocannabinol (THC), Cannabidiole (CBD), indica, sativa and hybrid.

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