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After Yesterday's Rally of 6.99% Shares Could Potentially Pullback

By Shiri Gupta

Constellation Brands (NYSE:STZ) traded in a range yesterday that spanned from a low of $169.31 to a high of $175.43. Yesterday, the shares gained 7.0%, which took the trading range above the 3-day high of $163.20 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Constellation Brands share prices have moved between a 52-week high of $175.43 and a 52-week low of $114.49 and are now trading 51% above that low price at $173.11 per share. 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%.

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: rebounders Constellation Brands

Ticker(s): STZ