Flat Base in STZ a Cautious Buy
Reasons to Buy
Reasons to tread with caution
- Strong Annual Earnings
- Strong volume buildup
- Leader in a top industry
- Strong compared to SPY
- Strong pattern (See chart for details)
Reasons to tread with caution
- Market not in an uptrend currently
- Week could close below breakout point
- Prior uptrend not above 30% (but strong uptrend overall suggests this is ok)
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