Constellation Brands Below Key SMAs: Buying Opportunity or Red Flag?

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 (SMAs) for quite some time now, which suggests a bearish trend.Closing at $178.95, STZ remains below its 50-day and 200-day SMAs of$186.61 and $228.92, respectively, indicating a possible sustained downward trend.STZ Stock Trades Below 50 & 200-Day Moving Averages Image Source: Zacks Investment Research Con ...