Could Molson Coors Brewing Company (tap-a) Gain Strenght After Forming Double Bottom?

The chart of Molson Coors Brewing Company (TAP-A) shows a double bottom with $64.86 target or 6.00 % below today’s $69.00 share price. The 8 months chart pattern indicates high risk for the $13.84B company. It was reported on Nov, 26 by Finviz.com. If the $64.86 price target is reached, the company will be worth $830.58M less. Double bottoms are rare but powerful chart patterns. It closed at $69 lastly. It is down 1.97% since November 26, 2017 and is downtrending. It has underperformed by 17.59% the S&P500.Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $13.84 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey”s, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee”s Best, Hamm”s, Olde English


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