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Bullish Moving Average Cross by Constellation Brands (STZ)

By Amy Schwartz

Today, shares of Constellation Brands (NYSE:STZ) have crossed bullishly above their 10-day moving average of $183.60 on a volume of 157K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Constellation Brands have traded between a low of $114.49 and a high of $186.55 and are now at $184.05, which is 61% above that low price. 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 15.0%. 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