Molson Coors Beverage Stock Chart Analysis: Swing Trade

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Feb 11, 2021 at 2:29 PM EST

Based on major supports, selling pressure, and other technical metrics, a strong swing trade buy is found at $38.50.

Shares of Molson Coors Beverage (TAP) are taking a beating today after earnings missed the mark. As the stock falls, investors are wondering what the Molson Coors Beverage stock chart analysis says. Based on major supports, selling pressure, and other technical metrics, a strong swing trade buy is found at $38.50. There are multi-factor supports here and the stock would be extremely oversold. While a decent distance away, missing earnings can get a stock down really quickly. Look for the Molson Coors Beverage stock chart analysis at $38.50 to initiate a swing trade buy.

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