One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Constellation Brands stock now clears that threshold, with a jump from 64 to 81 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of at least 80 as they launch their biggest climbs.
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Is Constellation Brands Stock A Buy?
Constellation Brands stock is working on a cup without handle with a 258.10 buy point. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The beverage company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 30%. Revenue rose from -5% to 8%.
Constellation Brands stock earns the No. 4 rank among its peers in the Beverages-Alcoholic industry group. Diageo and Constellation Brands are also among the group's highest-rated stocks.
