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Constellation Brands Crosses Below its 10-day MA (STZ)

By Shiri Gupta

Today, shares of Constellation Brands (NYSE:STZ) have fallen below their 10-day MA of $164.76 on a volume of 161K 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.

In the past 52 weeks, Constellation Brands share prices have been bracketed by a low of $114.49 and a high of $168.13 and are now at $163.36, 43% 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 is tracking the current trend status for Constellation Brands and will alert subscribers who have STZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Constellation Brands

Ticker(s): STZ