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Molson Coors Brewing Bullish Moving Average Crossover Alert (TAP)

By Shiri Gupta

Molson Coors Brewing (NYSE:TAP) crossed over its 10-day moving average of $101.79 on a volume of 172K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Molson Coors Brewing share prices have been bracketed by a low of $63.91 and a high of $104.15 and are now at $102.06, 60% above that low price. The 200-day and 50-day moving averages have moved 0.61% higher and 1.03% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Molson Coors Brewing on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.58. Since that recommendation, shares of Molson Coors Brewing have risen 12.0%. We continue to monitor TAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses molson coors brewing

Ticker(s): TAP