• Return to Headlines

Constellation-A: 52-Week High Recently Eclipsed (STZ)

By Nick Russo

Shares of Constellation-A (NYSE:STZ) traded at a new 52-week high today of $200.64. So far today approximately 107,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Constellation Brands, Inc. produces and markets alcoholic beverages in North America, Europe, and Australia, and New Zealand. The Company has a portfolio of brands across the wine, imported beer, and distilled spirits categories. Constellation conducts its business through wholly owned subsidiaries as well as through a variety of joint ventures with various other entities.

Over the past year, Constellation-A has traded in a range of $144.00 to $200.64 and is now at $200.03, 39% above that low. The 200-day and 50-day moving averages have moved 0.59% higher and 1.01% higher over the past week, respectively.

Constellation-A has overhead space with shares priced $200.03, or 5.9% below the average consensus analyst price target of $212.47. The stock should discover initial support at its 50-day moving average (MA) of $150.83 and subsequent support at its 200-day MA of $138.99.

SmarTrend recommended that subscribers consider buying shares of Constellation-A 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-A have risen 25.1%. We continue to monitor STZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows constellation-a

Ticker(s): STZ