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

By Nick Russo

Constellation Brands (NYSE:STZ) shares have crossed bearishly below their 10-day moving average of $160.96 on a volume of 275K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Constellation Brands have traded between a low of $114.49 and a high of $165.81 and are now at $158.52, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.59% higher and 1.01% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Constellation Brands on March 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $145.67. Since that recommendation, shares of Constellation Brands have risen 11.6%. 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