TAP Crosses Below Key Moving Average Level Thursday, October 5, 4:00 PM ET, by Market News Video Staff In trading on Thursday, shares of Molson Coors Beverage Co (TAP) crossed below their 200 ...
Add Up The Parts: DVOL Could Be Worth $29 Monday, October 9, 7:59 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Interesting TAP Put And Call Options For June 2024 Monday, October 9, 11:03 AM ET, by Market News Video Staff Investors in Molson Coors Beverage Co (TAP) saw new options begin trading today, for the ...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Molson Coors Beverage Co (NYSE:TAP) entered into oversold territory, hitting an RSI reading of 29.97, after changing hands as low as $51.53 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 68.8. A bullish investor could look at TAP's 29.97 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of TAP shares:
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