Constellation Brands Stock Could Move Towards And Above $235

When we look at the Constellation Brands (NYSE:) chart, we can see it’s been trading in a channel for the past week between support of $227 and resistance of $235, with no notable moves to either breakout or breakdown. It was last found trading at the $231.6 range.

has scheduled a quarterly earnings announcement today. We could expect the price to move upwards towards the $247 range if earnings expectations are surpassed.

Today we can expect a move towards and above the $235 closest resistance level, possibly in the $240 range. If, however, it doesn’t manage to hold on to the current level, then a move towards the $227 closest support level can be expected.

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