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Bullish Moving Average Cross by Constellation Brands (STZ)

By David Diaz

Constellation Brands (NYSE:STZ) crossed over its 10-day moving average of $181.73 on a volume of 151K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Constellation Brands has traded in a range of $114.49 to $186.55 and is now at $182.70, 60% above that low. Over the past week, 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 13.4%. 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