Shares of Aphria Are Burning Out

Shares of Aphria Are Burning Out
·1 min read

Canadian cannabis company Aphria reported disappointing earnings numbers Monday morning and is trading lower. In the daily bar chart of APHA, below, we can see that the shares have been making lower highs since February. APHA is trading below the cresting 50-day moving average line but is above the rising 200-day line which intersects down around $9.