Constellation Brands Looks to Continue to Trade Above its Annual-High Share Price Today
Constellation Brands (NYSE:STZ) traded at a new 52-week high today of $173.55. So far today approximately 1.1 million 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 15.1% above its average consensus analyst price target of $145.47. 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.
In the past 52 weeks, shares of Constellation Brands have traded between a low of $114.49 and a high of $173.55 and are now at $171.39, which is 50% above that low price. Over the past week, 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: 52 week high/lows Constellation Brands