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Constellation Brands Bearish Moving Average Crossover Alert (STZ)

By Shiri Gupta

Constellation Brands (NYSE:STZ) shares have crossed bearishly below their 10-day moving average of $153.99 on a volume of 167K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Constellation Brands has traded in a range of $114.49 to $165.81 and is now at $153.21, 34% 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.

SmarTrend is monitoring the recent change of momentum in Constellation Brands. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Constellation Brands in search of a potential trend change.

Keywords: moving crosses Constellation Brands

Ticker(s): STZ