Constellation Bra's most recent trend suggests a bullish bias. One trading opportunity on Constellation Bra is a Bull Put Spread using a strike $217.50 short put and a strike $212.50 long put offers a potential 5.26% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $217.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $212.50 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 54.28 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Constellation Bra
Pyxus Stock Could Backfire Over the Longer Term
Wed, 10 Oct 2018 18:15:06 +0000
The latest, newest pot stock, Pyxus International (NYSE:PYX), is taking off. Pyxus stock has roughly tripled so far this year, with PYX stock gaining 37% on Monday based on, apparently, a single tweet. Pyxus’ story is intriguing enough that I expect many investors will be willing to look past the risks for some time to come.
Walmart Canada Is Exploring the Busy Cannabis Space
Wed, 10 Oct 2018 16:35:13 +0000
On October 9, Bloomberg reported that Walmart’s (WMT) Canadian arm did some fact-finding on the possibility of selling cannabis-based products. Molson Coors Brewing’s (TAP) Canadian arm has struck a deal with Hydropothecary (HEXO) to develop cannabis-infused nonalcoholic beverages in Canada. In an email to Bloomberg, Diane Medeiros of Walmart stated that Walmart has no plans yet to sell cannabis-infused products.
Hedge Funds’ #1 Stock Picks in Real Estate, Airlines, Beer & More
Wed, 10 Oct 2018 15:01:08 +0000
Rising interest rates have yet to be the tonic that soothes hedge funds’ returns, as anticipated. Hedge funds on average have posted gains of just 1.9% in 2018 according to HFR, a small fraction of the 10.6% returns enjoyed by the broader market. In the past week alone, three of the hedge funds tracked by […]
No. 1 Wall Street pot analyst says the marijuana market will be much bigger than she first thought
Wed, 10 Oct 2018 14:07:00 +0000
The cannabis industry's rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. Cowen's Vivien Azer nearly triples her 12-month price forecast on Canadian marijuana producer Tilray this week to $172 from $62. Recreational use of cannabis in Canada becomes legal Oct. 17, though each of the country's 10 provinces will be able to regulate the market within their jurisdiction.
Twitter, Constellation Brands, BlackBerry, Avid and Photronics highlighted as Zacks Bull and Bear of the Day
Wed, 10 Oct 2018 12:59:12 +0000
Twitter, Constellation Brands, BlackBerry, Avid and Photronics highlighted as Zacks Bull and Bear of the Day
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