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Watch for Molson Coors-B to Potentially Pullback After Gaining 1.17% Yesterday

By Amy Schwartz

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.

In the past 52 weeks, Molson Coors-B share prices have been bracketed by a low of $54.17 and a high of $81.96 and are now at $61.20, 13% above that low price. 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