Molson Coors's most recent trend suggests a bullish bias. One trading opportunity on Molson Coors is a Bull Put Spread using a strike $68.00 short put and a strike $63.00 long put offers a potential 12.36% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $63.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Molson Coors is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Molson Coors is bullish.
The RSI indicator is at 77.84 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Molson Coors
Maybe Craft Beer's Outlook Isn't as Gloomy as Big Beer Thinks
Tue, 26 Jun 2018 23:35:00 +0000
There's still a lot of craft beer being sold.
Molson Coors Plans to Create Cannabis-Infused Beverages to Prevent Decline of Beer Sales
Tue, 26 Jun 2018 23:02:11 +0000
Just recently, Canada became the second nation to legalize the use of recreational marijuana after the Senate passed a bill with a vote of 52-29.
5 Hot Marijuana Stocks as Beer Companies Shop for an Acquisition
Tue, 26 Jun 2018 19:40:00 +0000
Just when you thought the bullish phase in marijuana stocks is losing its momentum. Last week, Canada became the second country to legalize cannabis. Meanwhile, beer companies are looking to get in on the action. Bloomberg recently reported that Molson Coors (NYSE:TAP) is in talks with several weed companies about the possibility of marijuana-infused beverages.
RBC's top consumer staples picks
Tue, 26 Jun 2018 18:17:00 +0000
Nik Mody, RBC Capital Markets, discusses the outlook for the consumer staples space in the second half of the year and gives his top picks.
What to Expect from Constellation Brands’ Fiscal Q1 2019 Sales
Tue, 26 Jun 2018 14:32:30 +0000
Constellation Brands’ (STZ) sales grew 3.5% to $7.6 billion in fiscal 2018, which ended on February 28. The company’s sales growth rate slowed down compared to about 12% in fiscal 2017. One of the reasons for the lower growth rate was the impact of the divestiture of the company’s Canadian wine business on the wine and spirits segment sales.
Related Posts
Also on Market Tamer…
Follow Us on Facebook