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After Yesterday's Rally of 1.28% Shares Could Potentially Pullback

By Amy Schwartz

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $54.17 to a high of $54.47. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $54.31 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Coca-Cola Co/The and will alert subscribers who have KO in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Coca-Cola Co/The has traded in a range of $44.42 to $55.92 and is now at $54.34, 22% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders coca-cola co/the

Ticker(s): KO