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Watch for Constellation-A to Potentially Pullback After Gaining 1.11% Yesterday

By James Quinn

Constellation-A (NYSE:STZ) traded in a range yesterday that spanned from a low of $194.98 to a high of $197.71. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $196.49 on volume of 364,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Constellation-A share prices have been bracketed by a low of $144.00 and a high of $199.89 and are now at $196.74, 37% above that low price. 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 recommended that subscribers consider buying shares of Constellation-A on February 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.52. Since that recommendation, shares of Constellation-A have risen 22.0%. We continue to monitor STZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders constellation-a

Ticker(s): STZ