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Constellation-A Set to Possibly Rebound After Yesterday's Selloff of 1.27%

By David Diaz

Constellation-A (NYSE:STZ) traded in a range yesterday that spanned from a low of $188.50 to a high of $191.33. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $190.94 on volume of 468,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Constellation-A has traded in a range of $187.87 to $236.62 and is now at $191.17, 2% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Constellation-A on October 25th, 2018 by issuing a Downtrend alert when the shares were trading at $212.74. Since that call, shares of Constellation-A have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders constellation-a

Ticker(s): STZ