Recent 52-Week High Exceeded in Shares of Constellation Brands (STZ)

Published on Thu, 02/19/2015 - 16:09
By Adrienne Chilton in 52 Week high-lows, STZ, 52 week high/lows, constellation brands, nyse:stz

Shares of Constellation Brands (NYSE:STZ) traded at a new 52-week high today of $115.01. So far today approximately 371,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Constellation Brands, Inc. produces and markets beverage alcohol in North America, Europe, and Australia, and New Zealand. The Company has a portfolio of brands across the wine, imported beer, and distilled spirits categories. Constellation conducts its business through wholly owned subsidiaries as well as through a variety of joint ventures with various other entities.

There is potential upside of 5.3% for shares of Constellation Brands based on a current price of $114.85 and an average consensus analyst price target of $120.93. The stock should find initial support at its 50-day moving average (MA) of $104.49 and further support at its 200-day MA of $91.38.

Over the past year, Constellation Brands has traded in a range of $76.26 to $115.01 and is now at $114.85, 51% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

By Adrienne Chilton
achilton@fnno.com

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