Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these may need to see a break past key support or resistance:

(bullish ideas) SWY, CHK, UBNT, MCRS,


Constellation Brands Inc. - STZ - close: 55.18 change: +1.24

Stop Loss: 52.95
Target(s): 60.00
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 22, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
Headquartered in Victor, New York, Constellation Brands produces a wide variety of wines and spirits. There has been some concern in the markets about the strength of the consumer. Yet based on STZ's new all-time high the market is not worried about consumer's demand for alcohol.

The stock has spent nearly three months basing in the $49-55 zone. The last two weeks have seen a consolidation in the $53-55 area. Today's breakout past $55.00 is very bullish. I am suggesting a trigger to launch bullish positions at $55.35. If triggered our target is $60.00. More aggressive traders may want to aim higher.

Trigger @ 55.35

Suggested Position: buy STZ stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the Oct $60 call (STZ1319j60) current ask $0.65

Annotated chart: