Constellation Brands: Expected To Rise Towards Its Resistance Level At Approximately $242
Today’s instrument is Constellation Brands Inc., an international beverage alcohol company, traded on the NYSE exchange under the ticker (STZ).
Looking at the STZ’s chart, we can see that it is traded at around $236.
Today STZ is announcing its quarterly earnings, and if the market’s anticipation will be positive then we should expect its price to rise towards its resistance level at around $242 otherwise it should fall towards its support level at around $232.
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