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

By Shiri Gupta

Constellation Brands (NYSE:STZ) traded today at a new 52-week high of $178.00. So far today approximately 134,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Constellation Brands, Inc. produces and markets beverage alcohol 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.

Constellation Brands (NYSE:STZ) is currently priced 0.2% above its average consensus analyst price target of $176.69. Constellation Brands shares have support at the 50-day moving average (MA) of $150.83 and additional support at the 200-day MA of $138.99.

Constellation Brands share prices have moved between a 52-week high of $178.00 and a 52-week low of $114.49 and are now trading 55% above that low price at $177.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.6%.

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 11.1%. 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 Brands

Ticker(s): STZ