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GoldBands
Feb 10, 2016 5:32 PM

STZ "Will" Rebound, Right? 

Constellation Brands, Inc.NYSE

Description

I entered a 150/145 Put Credit Spread on STZ last week. Trade was sitting pretty as price shot up to 156. Then, of course, the biggest correction to STZ in 4 years.

I do like that the 200 ema and the 618 fib retracement held firmly. 9 days left to claw its way back.
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