I am loaded up on this name (nearly 3% of my trading money) and really looking forward to some fireworks. Bring it on.
Canopy is taking off and this is great for this.
What a day today. Most of my adds are taking off. Love this.
Please do your own dd.
If you were in before earnings, great. If you are now looking a, the price has run off and instead of taking a leap of faith of a continuation. Best to wait for consolidation of bigger players at this or lower level before it will continue further up.
Wait for bull flag and return to previous uptrend.
They recently sold a wine business to raise cash and are...
The large beer and wine companies have taken quite a battering in the past year from the Liquor and craft beer culture. STZ has taken steps to offset that demise, with the streamlining of product and more recent investments on Canopy Growth for a sustainable future in the Cannabis Industry. Future gains are on the cards, long it.
Constellation Brands has enjoyed a massive run-up in the past 6 years and has come sharply off of its highs (around $230) in the past 5 months. STZ is a juggernaut in the alcohol industry and has deserved its high stock price given a very strong earnings growth trajectory. Lately, however, money has come out of the traditional vice stocks (alcohol and...
In late June prices gaped lower and started a sell-off that would mark down prices $70 or so. The decline was more rapid from October with prices in a cascade-like fall in December.
Constellation Brands (STZ) has completed a Harmonic Extended Bat Pattern.
Based on this and with the broad market at it back I target $199 as a profit objective. Above that I have...
STZ - Oversold Hook Trade Idea
With a bullish move over the 8ma at 162.48,
STZ ended with an engulfing candle on the
daily. Look for entry above previous HOD at
166.72 for a move to the 20ma at 172.78.
Pot stocks have been on fire, er, smoking! Wait, that's still a pun, right? Well then, pot stocks are on the roll! Damn it. I've been watching too much CNBC. Anyways...
The rally in pot stocks over the past several days has been impressive, especially given the catalyst - Constellation Brands (STZ) made a $4bil investment in CGC for about 38% of the company....
STZ is setting up for a potential return to the mean 4% higher than current prices. Constellation Brands has been range trading all of 2018. A return to the higher end of the range ~230s would be a 7% move from here. Slower moving stock, probably up to 2 weeks before making it to 4% target.