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

Published on Fri, 05/03/2013 - 14:51
By Peter Chu

Constellation Brands (NYSE:STZ) traded today at a new 52-week high of $50.25. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.

Constellation Brands (NYSE:STZ) is currently priced 0.6% above its average consensus analyst price target of $49.80. The stock should discover initial support at its 50-day moving average (MA) of $46.69 and subsequent support at its 200-day MA of $37.23.

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.

In the past 52 weeks, shares of Constellation Brands have traded between a low of $18.50 and a high of $50.25 and are now at $50.11, which is 171% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 1.1%.

By Peter Chu
pchu@fnno.com