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Molson Coors-B Set to Possibly Rebound After Yesterday's Selloff of 4.52%

By Nick Russo

Molson Coors-B (NYSE:TAP) traded in a range yesterday that spanned from a low of $53.21 to a high of $53.84. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $53.40 on volume of 269,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Molson Coors-B share prices have been bracketed by a low of $49.92 and a high of $67.24 and are now at $53.62, 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders molson coors-b

Ticker(s): TAP