Bullish Moving Average Cross by Molson Coors Brewing (TAP)
Today, shares of Molson Coors Brewing (NYSE:TAP) have crossed bullishly above their 10-day moving average of $99.75 on a volume of 789K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Molson Coors Brewing have traded between a low of $63.91 and a high of $104.15 and are now at $101.28, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.6%.
SmarTrend is monitoring the recent change of momentum in Molson Coors Brewing. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Molson Coors Brewing in search of a potential trend change.
Keywords: moving crosses molson coors brewing