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SmarTrend Watching for Potential Pullback in Shares of Constellation-A After 1.85% Gain

By Amy Schwartz

Constellation-A (NYSE:STZ) traded in a range yesterday that spanned from a low of $225.48 to a high of $228.26. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $227.61 on volume of 376,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Constellation-A has traded in a range of $144.00 to $231.83 and is now at $228.02, 58% above that low. Over the past week, 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-A and will alert subscribers who have STZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders constellation-a

Ticker(s): STZ