Constellation Bra's most recent trend suggests a bullish bias. One trading opportunity on Constellation Bra is a Bull Put Spread using a strike $207.50 short put and a strike $202.50 long put offers a potential 31.58% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $207.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $202.50 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 63.95 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
3 Reasons Big Tobacco and Marijuana Partnerships Are Imminent
Sat, 08 Sep 2018 15:41:00 +0000
With tobacco usage declining, partnering with the pot industry is a logical evolution.
Marijuana ETF in Canada passes $1 billion in assets as weed stocks light it up
Fri, 07 Sep 2018 18:21:00 +0000
The Canadian-listed marijuana ETF, Horizons Marijuana Life Sciences Index ETF (HMMJ), has passed the $1 billion mark in assets. Marijuana ETFs have soared in the past month since liquor giant Constellation Brands announced a $4 billion investment in marijuana stock Canopy Growth. The U.S.-listed ETFMG Alternative Harvest ETF (MJ) was the best-performing ETF in August and is near-$500 million in assets.
Cronos Group Stock Is Your Classic High-Risk, High-Reward Play
Fri, 07 Sep 2018 15:16:50 +0000
Cronos Group (NASDAQ:CRON) had a remarkable week in the markets, which should surprise no one. As a marijuana-related investment, CRON stock is liable to make insane moves. On Wednesday, CRON stock closed up almost 12% above the prior day’s session when management announced a landmark deal with custom-microbe producer Ginkgo Bioworks.
Your first trade for Friday, Sept 7
Fri, 07 Sep 2018 13:30:00 +0000
The ” Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Constellation Brands STZ David Seaburg was a buyer of Pfizer PFE Dan Nathan was a seller of Taiwan Semiconductor 2330-TW Guy Adami was a buyer of CBS Corp CBS Trader disclosure: On September 6, 2018 the following stocks and commodities mentioned or intended to be mentioned on CNBC's “Fast Money” were owned by the “Fast Money” traders: Tim Seymour is long AMZA, ACB.
New Formats Canopy Growth Plans to Introduce
Fri, 07 Sep 2018 13:01:12 +0000
Cannabis companies plan to offer several products across various formats to access a share in several user experiences. For example, in its announcement related to 100 SKUs (stock keeping units), Canopy Growth (WEED) (CGC) said that its line of cannabis products will include multiple formats such as dried flower, pre-rolled joints, softgel capsules, and oils. Dried flower and pre-rolled joints have traditionally been the preferred format for consuming cannabis.
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