To see all exchange delays and terms of use, please see disclaimer. ACB has also been drastically reducing operating expenses. Learn more about Aaron’s background, along with links to his most recent articles. This uptrend marked a 93.77% gain. This compares to earnings of $0.00 per share same quarter last year, so reported EPS is a loss of -. Many believe that Aurora will hover around $5 until the next catalyst moves the market one way or the other but there are also many bears that think Aurora and the entire sector is heading lower. Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Aaron is an experienced investor who is also the CEO of Departures Capital. The Daily Special is a cheaper brand, designed to combat the black market. His primary focus is on the cannabis industry. This made Aurora the cheapest producer next to its competitors. Finally, ACB recently acquired Reliva for $40 million. Aurora Cannabis Inc. produces and distributes medical cannabis products worldwide. If Shares of Wynn Resorts Fall Under This Level, Expect a Breakdown, 4 Tech Stocks DEFYING the NASDAQ’s Weakness. To see all exchange delays and terms of use, please see disclaimer. Aurora Cannabis should be producing 650,000 kgs of cannabis by 2020 but production capacity alone is not the thing we like the most about Aurora. Simple things usually work the best. Bollinger himself recommends the moving average period to be 20, Since the price broke down the lower band on July 31, the price bounced by 1.38%, The Relative Strength Index is an oscillator-type indicator that gauges price changes to identify when the share or financial asset is oversold or overbought. He also hosts a weekly show on YouTube about marijuana stocks. 7 "SAFE HAVEN" Dividend Stocks for Turbulent Times. Subscribe. Finally, ACB recently acquired Reliva for $40 million. As you can see in the chart above, the $13 level has proved to be a key level of support. Is ACB stock a buy? Popularity alone could not help the stock in the current market we are in and Aurora has slid well over 50% from its highs of $16 to trade just over $5 per share. Aaron is an experienced investor who is also the CEO of Departures Capital. Looking at revenue, figures skyrocketed a 39.39% compared to $54.2M same quarter 12 months ago. They are hoping to generate positive adjusted EBITDA in the Q1 of 2021, though some analysts remain skeptical. Learn more about Aaron’s background, along with links to his most recent articles. However, I remain bullish on the company for the long-term for the simple fact that the cannabis sector should continue to grow at a healthy pace, especially once the COVID-19 pandemic is under control. On the contrary, reported sales were $75.5 million, in line with analysts' forecasts. After an incompetent mistake in 2019 that temporarily halted their cannabis sales in Germany, ACB is once again selling cannabis once again in Europe and investors are hopeful the company will be able to grow international revenues. Latest pullback was on Monday, when price bounced at $9.76. Speculators start revising their estimates downward and more and more negativity pile on. When selling, as well as buying, our setups are very simple to use and are only valid for selling shares in your porfolio, not for selling short ACB stock, As a rule of thumb, you should never keep an open trade that leads to higher than expected losses by the time of purchase. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal, We don't have any rating published in the previous 30 days for Aurora Cannabis, Since in mid-May, Aurora Cannabis has been drawing an uptrend that by now marked a gorgeous 93.77%.