Constellation-A (NYSE:STZ) traded in a range yesterday that spanned from a low of $194.68 to a high of $200.10. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $196.35 on volume of 884,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of Constellation-A have traded between a low of $150.37 and a high of $228.91 and are now at $195.40, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Constellation-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Constellation-A in search of a potential trend change.
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