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Constellation-A: The Winning Streak Continues (STZ)

By David Diaz

Shares of Constellation-A (NYSE:STZ) traded today at $199.64, breaking its 52-week high. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Constellation-A share prices have moved between a 52-week high of $199.64 and a 52-week low of $144.00 and are now trading 38% above that low price at $199.05 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

There is potential upside of 6.7% for shares of Constellation-A based on a current price of $199.05 and an average consensus analyst price target of $212.47. The stock should find initial support at its 50-day moving average (MA) of $150.83 and further support at its 200-day MA of $138.99.

Constellation Brands, Inc. produces and markets alcoholic beverages 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.

SmarTrend recommended that subscribers consider buying shares of Constellation-A 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-A have risen 24.3%. 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-a

Ticker(s): STZ