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After Yesterday's Rally of 2.40% Shares Could Potentially Pullback

By Nick Russo

Constellation-A (NYSE:STZ) traded in a range yesterday that spanned from a low of $205.35 to a high of $213.26. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $210.83 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Constellation-A on June 29th, 2018 by issuing a Downtrend alert when the shares were trading at $219.70. Since that call, shares of Constellation-A have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Constellation-A has traded in a range of $191.71 to $236.62 and is now at $212.71, 11% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders constellation-a

Ticker(s): STZ