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Molson Coors-B Set to Possibly Pullback After Yesterday's Rally of 1.20%

By Shiri Gupta

Molson Coors-B (NYSE:TAP) traded in a range yesterday that spanned from a low of $55.74 to a high of $56.29. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $56.06 on volume of 297,000 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.

Over the past year, Molson Coors-B has traded in a range of $49.82 to $67.24 and is now at $56.34, 13% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 0.34% higher over the past week, respectively.

Keywords: rebounders molson coors-b

Ticker(s): TAP