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Bullish Moving Average Cross by Coca-Cola (KO)

By Nick Russo

Today, shares of Coca-Cola (NYSE:KO) have advanced above their 10-day MA of $41.72 on a volume of 1.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Coca-Cola share prices have moved between a 52-week high of $47.13 and a 52-week low of $36.56 and are now trading 14% above that low price at $41.83 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.20% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Coca-Cola on April 20th, 2016 by issuing a Downtrend alert when the shares were trading at $44.72. Since that call, shares of Coca-Cola have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Coca-Cola

Ticker(s): KO