STZ Trades Below 50 & 200-Day SMA: How Should You Play the Stock?

Constellation Brands, Inc. (STZ) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. STZ is trading below the 50 and 200-day simple moving averages (SMA) for quite some time now, which suggests a bearish trend.Image Source: Zacks Investment ResearchClosing at $238.06 yesterday, STZ remains below its 50-day and 200-day SMA of$250.79 and $244.14, respectively, indicating a possible sustained downward trend.STZ has shown a lackluster performance, with its ...