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SmarTrend Watching for Potential Rebound in Shares of Constellation-A After 1.27% Loss

By James Quinn

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.

In the past 52 weeks, Constellation-A share prices have been bracketed by a low of $187.87 and a high of $236.62 and are now at $191.17, 2% above that low price. The 200-day and 50-day moving averages have moved 0.16% lower and 0.64% lower over the past week, respectively.

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