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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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  • Constellation Brands - STZ - Barchart Chart Of The Day 0 comments
    Oct 4, 2012 9:58 AM | about stocks: STZ

    Barchart.coms Chart of the Day - Constellation Brands (NYSE:STZ)

    Barchart Research Team - BC - Wed Oct 03, 4:37PM CDT

    The "Chart of the Day" is Constellation Brands (STZ), which showed up on Wednesday's Barchart "All-Time High" and "Gap Up" lists. Constellation Brands on Wednesday posted a new all-time high of $34.65 and closed +2.66%. TrendSpotter took a profit in early September on a July-Aug long position and then turned long again on Sep 19 at $33.16. In recent news on the stock, Goldman Sachs on Sep 20 reiterated its Buy rating on Constellation Brands and raised its target to $40 from $33. Constellation Brands (STZ), with a market cap of $5.7 billion, is a leading international producer and marketer of beverage alcohol brands, with a broad portfolio across the wine, spirits and imported beer categories. Well-known brands in Constellation's portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Black Velvet, and Fleischmann's.

    (click to enlarge)stz_700_03

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

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    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: STZ
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