Constellation Brands (STZ) Basing Ahead of Breakout in Strong Trend
Constellation Brands (STZ) strong run in March and early April and pulling back to form a nice multi-week base just above the rising 55-EMA. A breakout move above $252 and out of this pullback trend sets up well for a breakout move that measures out to $275 as it clears longer-term resistance. MACD has pulled back off of its recent peak and starting to curl higher while shares have shown strong relative strength since early April.