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Bullish Moving Average Cross by Constellation Brands (STZ)

By Shiri Gupta

Constellation Brands (NYSE:STZ) crossed over its 10-day moving average of $172.30 on a volume of 549K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Constellation Brands share prices have moved between a 52-week high of $175.55 and a 52-week low of $114.49 and are now trading 52% above that low price at $174.25 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Constellation Brands on February 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.52. Since that recommendation, shares of Constellation Brands have risen 7.9%. We continue to monitor STZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Constellation Brands

Ticker(s): STZ