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Shares of Coca-Cola Co/The Has Risen Above Previous 52-Week High

By James Quinn

Coca-Cola Co/The (NYSE:KO) traded at a new 52-week high today of $52.37. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 10.9 million shares.

Coca-Cola Co/The (NYSE:KO) defies analysts with a current price ($52.37) 5.0% above its average consensus price target of $49.73. The stock should discover initial support at its 50-day moving average (MA) of $50.35 and subsequent support at its 200-day MA of $48.06.

Over the past year, Coca-Cola Co/The has traded in a range of $44.25 to $52.37 and is now at $52.37, 18% above that low. The 200-day and 50-day moving averages have moved 0.19% higher and 0.41% higher over the past week, respectively.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantÂ?based beverages; teas and coffees; and energy drinks.

SmarTrend recommended that subscribers consider buying shares of Coca-Cola Co/The on April 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.35. Since that recommendation, shares of Coca-Cola Co/The have risen 10.1%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows coca-cola co/the

Ticker(s): KO