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Molson Coors Brewing Crosses Above its 10-day MA (TAP)

By Amy Schwartz

Molson Coors Brewing (NYSE:TAP) shares have crossed bullishly above their 10-day moving average of $99.16 on a volume of 383K 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 $99.34, 55% 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 tracking the current trend status for Molson Coors Brewing and will alert subscribers who have TAP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses molson coors brewing

Ticker(s): TAP