Consolidation before big move $DAG$DAG has bounced ~60% from its recent low and is currently sitting in a falling wedge. Expect some sideways movement for the next few days before a break out!
Constellation
Constellation (DAG) Possible 100% Breakout MoveThe chart says it all.
These breakouts of the descending triangle are happening all over just now and are great indicators for big moves upwards,
DAG boom soon - Pullback on broken bearish trend lineIt also has divergence and most indicators confirm that :)
STZ showing strength, oversold w 200 Day support and CGC comingEoY 2018 plus Canopy investment caused a fall out of long term range. An improvement in CGC (currently oversold) means a likely return to that range, which means a possible run to $240 by EoY 2020. Even if it doesn't recapture the previous trading range, it is at the bottom of this one. Expect a near term jump especially with CGC earnings coming up.
Constellation Brands opportunityConstellation brands is a big US winery company. Elliott waves suggest ware going into C down. Very good technicals. Weekly rejected at trend line and 200SMA. Short on the break.
In the comments is a 1 hour charts with a inverse head and shoulders, looking to keep the long trade till MPO, where expect a reversal to short. This could be a lucrative trade.
Good Luck!
Constellation Brands - $STZ - Dip on hot growing stock! I'll be looking for confirmation of continuation of $STZ 's bullish growth before buying in, but this one's on my radar.
Ex-dividend date of 5/10 likely didn't help push it much higher in the past few days.
There is a catalyst in the works though -- not only are earnings to be reported on 6/30/18 but they are invested in Canopy Growth (Canadian cannabis grower) whose stock is to be listed on the NYSE in the near future. From what I found they have a 10% stake in Canopy Growth. Either way, I look forward to the run-up towards earnings. I'm going to wait to exit some other positions then go ahead and pick some calls, likely for 6/29 or so.
Consistent, Cyclical Winner & A Fun "Show Me" Story (PT: $12.80)Iridium has reported well the last couple of quarters. The biggest story and "show me" aspect of it is its Constellation Network rollout that will be completed this year. This month, 55/75 satellites will now have been launched and in orbit with help from SpaceX (an amazing partner with a healthy record). There's little reason to believe they won't meet their goals this year, as guidance has remained the same.
This stability has allowed IRDM to step up slowly, but surely into different cyclical levels, where some modest gains can be made. Last year, when a 20/75 satellites were launched, IRDM was sitting between $10 and $11, only to shoot up into the $11 to $12 range as more satellites and guidance were maintained and stable. This trend has continued this year with an easy ceiling of $12.80 to hit. Anything around $11.25 was a good buy and has come up 5 times. No doubt it will continue after this most recent one. The stock has stayed above its 200 MA with little problems. Look for another opportunity in the near future, with a potential to sell again in June/July.
