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After Yesterday's Rally of 1.17% Shares Could Potentially Pullback

By James Quinn

Molson Coors-B (NYSE:TAP) traded in a range yesterday that spanned from a low of $60.92 to a high of $61.20. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $61.18 on volume of 719,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Molson Coors-B and will alert subscribers who have TAP in their portfolio or watchlist when shares have changed trend direction.

Molson Coors-B share prices have moved between a 52-week high of $81.96 and a 52-week low of $54.17 and are now trading 13% above that low price at $61.20 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders molson coors-b

Ticker(s): TAP