Molson Coors Trades Below 200 & 50-Day SMA: How to Play the Stock

Molson Coors Beverage Company (TAP) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. TAP has been trading below both the 200-day and 50-day simple moving averages (SMA) for quite some time now, suggesting a bearish trend.Currently, at $55.19, TAP remains below its 200-day and 50-day SMA of $56.01 and $58.92, respectively, indicating a possible sustained downward trend.TAP Trading Below 50- and 200-Day Moving AverageImage Source: Zacks Investment Rese ...