The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Market participants tracking Constellation Brands should note the latest formation. The stock is trading at $131.75, down 0.2% on the day. Our AI has detected a valid Descending Triangle pattern. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $128.28, targeting $108.33 with support near $138.34 (R:R 1.98).
What is your outlook on STZ?