STZ
appears to be poised for a breakout above relative highs not seen since December of last year when it was in a short period of decline within a much larger period of consolidation. The daily and 4-hr timeframes show a consistent since mid-march. Additionally, a new short-term zone of support appears to have been established by the market in the low to mid $220's. As of last week, I have my notes from 5.12 showing that a declining wedge on the 4-hr timeframe was taking shape with that support zone and a trendline of lower highs. Please see my note in the elliptical highlight.
The first stage of the breakout has occurred with the buyers stepping in at the ~$232 price point. If STZ continues its upward trend and doesn't get rejected at the $235 level expect an accelerated uptrend in the near term.
Strategies to profit would be to establish a position through buying shares, selling puts, or buying calls. Selling or buying long spreads would be reasonable as well.