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After Yesterday's Rally of 2.96% Shares Could Potentially Pullback

By David Diaz

Molson Coors-B (NYSE:TAP) traded in a range yesterday that spanned from a low of $65.81 to a high of $67.58. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $67.23 on volume of 597,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Molson Coors-B share prices have been bracketed by a low of $58.75 and a high of $91.74 and are now at $67.51, 15% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Molson Coors-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Molson Coors-B in search of a potential trend change.

Keywords: rebounders molson coors-b

Ticker(s): TAP