Could Constellation Brands (STZ stock) fall towards the 232 level?

AAATrade Team AAATrade

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.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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