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Constellation Brands: The Winning Streak Continues (STZ)

By James Quinn

Constellation Brands (NYSE:STZ) traded at a new 52-week high today of $178.98. This new high was reached on below average trading volume as 140,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Over the past year, Constellation Brands has traded in a range of $114.49 to $178.98 and is now at $178.41, 56% above that low. 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%.

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.

Based on a current price of $178.41, Constellation Brands is currently 1.0% 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.

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 11.9%. 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