user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 435985 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Constellation Brands Trading Lower on 1.2x Above-Average Volume (STZ)

Published on Mon, 02/04/2013 - 14:15
By Adrienne Chilton

Shares of Constellation Brands are trading today in above average volume, with the share price falling 2.7% to $31.81. Today's volume of 4.6 million shares tops the average 30-day volume of 3.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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, Constellation Brands share prices have been bracketed by a low of $18.50 and a high of $39.65 and are now at $31.81, 72% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 1.3%.

Constellation Brands (NYSE:STZ) has potential upside of 20.2% based on a current price of $31.81 and analysts' consensus price target of $38.22. The stock should hit resistance at its 50-day moving average (MA) of $36.05, as well as support at its 200-day MA of $30.08.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Walter Energy (NYSE:WLT) traded today at a new 52-week low of $2.68. Approximately 6.7 ...

Shares of WellPoint Have Risen Above Pre...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $124.48. This new high was ...

Walter Investment Management Looks to Co...

Shares of Walter Investment Management (AMEX:WAC) traded today at $22.95, breaking its ...

Shares of Volcano Fall Below Previous 52...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $11.09. This new low was re ...

Shares of Meridian Bioscience Fall to a ...

Meridian Bioscience (NASDAQ:VIVO) traded at a new 52-week low today of $17.90. So far ...

Vale: The Losing Streak Continues (VALE)...

Vale (NASDAQ:VALE) traded today at a new 52-week low of $11.35. So far today approxima ...

United Therapeutics: The Winning Streak ...

United Therapeutics (NASDAQ:UTHR) traded today at a new 52-week high of $132.78. So fa ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded today at $71.85, breaking its 52-week low ...