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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.

Over the past year, Constellation-A has traded in a range of $150.37 to $228.91 and is now at $195.40, 30% above that low. The 200-day and 50-day moving averages have moved 0.07% lower and 0.25% lower over the past week, respectively.

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.

Write to SmarTrend at cs@mysmartrend.com

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