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

By James Quinn

Molson Coors Brewing (NYSE:TAP) crossed over its 10-day moving average of $96.08 on a volume of 292K shares. This may provide swing traders with 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 $112.19 and are now at $96.53, which is 51% 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 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

Ticker(s): TAP