Constellation Bra's most recent trend suggests a bullish bias. One trading opportunity on Constellation Bra is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 29.87% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $160.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Constellation Bra is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Constellation Bra is bullish.
The RSI indicator is at 45.2 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Constellation Bra
Mexico president says Corona beer maker has VAT rebate rejected
Tue, 29 Jan 2019 14:57:41 +0000
Mexican President Andres Manuel Lopez Obrador said on Tuesday the country's Supreme Court had rejected a bid by the makers of Corona beer for a value-added tax rebate worth billions of pesos. “There was going to be a refund of billions of pesos to the company Corona, to the brewer Corona,” Lopez Obrador told his regular morning news conference. “The Supreme Court decided that the request was inadmissible,” he added.
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