Constellation Brands, Inc. (STZ)

Purchase Info

Stock Price History

Stock Price Video

Play Video

Our View

Constellation Brands, Inc. (STZ) is America’s largest multi-category alcohol supplier and the largest beer import company in the US. Its portfolio includes well-known foreign brands like Corona, Negra Modelo, Svedka, and Casa Noble. The company also has a sizeable wine portfolio. Constellation also owns 38% of a cannabis company called Canopy Growth. The popularity of Corona and Modelo product lines is growing outside the Hispanic community. Being one of the leading players in the American beer market, the long-term growth prospects of Constellation Brands look bright.

The 10-year monthly chart for Constellation Brands shows a strong uptrend from 2011 to mid-2018. Since then, the price fell about 38% from the peak but found support at the bottom trendline. There were a few months post the March 2020 crash when the price broke and remained below the bottom trendline. However, the stock was back above the long-term trend by November 2020. Most recently, in September 2021, the price appears to have found support at the confluence of two important points – the bottom of the long-term trend and a historical support-resistance level at $210. A long position is recommended with a target of $243 and a stop loss of $202.

Position entered into our long-term tracking portfolio today. The entry point is at $219.38, and stop-loss is placed at $184.28, which is 16% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $245.45, giving a profit of 12%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

Trading Platforms

If you are interested in purchasing the above stock please click here to view some trading platforms.