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Constellation Brands (STZ) - Adv. $157.12

Constellation Brands (STZ)   Beverages - Alcoholic

Purpose of Analysis:
> Identify stage stock is trading in.
> Identify key levels of Resistance & Support.
> Analyze technical indicators to gain insight to direction of stock price.

4 Market Stages are: Basing, Advancing, Topping, Declining

Analysis:

Advancing
- Current Price $157.12
- Pivot Point $160.10
- Pullback held $153.00
- Trading ABOVE 20 & 50-day Moving Average (dMA)
- Rising Relative Strength Index (RSI)
- Positive MACD (momentum indicator)
- Above Average Volume (2x, 3x)
- Trade below $153.00 would be negative, next support $150

Pivot Point: Price $0.10 (10 cents) above most recent resistance (intra-day high) within its base.

Definition of a Breakout: Stock achieves a higher price greater than previous resistance on surging volume of 2x, 3X greater than average daily trading volume.

Stop Loss Protection - minimize loss from initial purchase price. Move stop limits up during advance to lock in gains during pullbacks. Genearl Rule: stop limit 5% - 7% below purchase price (with purchase price no greater than 5% above pivot price).

Disclaimer:
Material is provided for EDUCATIONAL & EVALUATIVE purposes only and does not constitute a recommendation or endorsement to buy, sell or hold with respect to any security or investment. Chart reading is an interpretation and subjective process. There are no guarantees the stocks presented will perform in the manner of the interpretation as many factors can affect performance.


Chart courtesy StockCharts.com   Composed by SelectiveChartists.com

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 


 


 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 



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