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Fomento Economico Mexicano, SAB de CV : StockCall Early Morning Insight into Constellation Brands, SodaStream, AMBEV, and Fomento Econ

03/05/2013 | 08:05am US/Eastern

LONDON, March 5, 2013 /PRNewswire/ --

Beverage stocks were in a bullish phase, in-line with general market sentiments on Monday. The sector is currently witnessing major M&A moves and the companies are looking to consolidate their positions. The sector performed well so far this year and is expected to continue this streak. The Dow Jones ended its latest session at 14,127.82, up 0.27 percent while NASDAQ was up 0.39 percent to close at 3,182.03. Similarly, S&P also closed on a positive note at 1,525.20, up 0.46 percent. Our research team took a look at Beverage stocks which includes major companies like Constellation Brands Inc. (NYSE: STZ), Sodastream International Ltd (NASDAQ: SODA), Companhia be Bebidas das Americas (AMBEV) (NYSE: ABV) and Fomento Economico Mexicano SAB (NYSE: FMX). StockCall has issued technical analysis and charting reports on STZ, SODA, ABV, and FMX. Download these free reports now at

Constellation Brands Inc. traded in the range of $43.60 and $44.54 during its previous trading session. It opened at $43.62 and closed at $44.45, up 1.39 percent, on Monday. The stock is currently in a bullish mode and has its first resistance level at $44.50. Upon breaching this level, Constellation Brands may go as high as $45.06. It traded 1.73 million shares and is above its 20-day moving average price of $44.41. Its first support level is at $39.42. In year 2013, the stock is up 25.6 percent so far. Download the free research on STZ today by registering at

Despite the upward movement shown by broad market indices, Sodastream International Ltd's stock finished 1.36 percent down at $48.03, with volume down from daily average of 1.51 million to 782,000 shares. Sodastream's stock is up so far in 2013 with its year-to-date gain at 6.99 percent. However, the stock currently shows a neutral trend which is further confirmed by the stock's MACD chart. The beverage company has its first support level at $45.96. In the coming trading sessions, the stock is likely to go as high as $49.87. Sign up and have access to our free report on SODA at

Companhia be Bebidas das Americas (AMBEV) stock plunged in yesterday's trading session. The stock closed 0.44 percent lower at $44.90 with 1.38 million share volume. Despite the downward movement, the stock is still up more than 6.5 percent for the year. In the past 52 weeks, the company is up 12.67 percent. The stock currently has support at $44.22 level. The stock's MACD chart shows a neutral trend. AMBEV may face its first resistance level at $45.32. Upon breaching this level, the stock may go as high as $46.63. Sign up and read the complimentary report on ABV at

Shares of Fomento Economico Mexicano SAB edged higher in Monday's trading session, tracking gains in the broad market. The stock closed 0.15 percent higher at $109.64 on higher than average volume of 1.07 million. Fomento's shares have gained more than 8 percent this year, outperforming the broad market. It has support at $107.75. Despite the upward movement, the company's shares are still trading lower than their 20-day moving average price. The stock's MACD is also trading below the signal line and the zero-line. Both of these are bearish signals. The free report on FMX can be downloaded by signing up now at

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