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After Yesterday's Rally of 1.66% Shares Could Potentially Pullback

By Shiri Gupta

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $43.00 to a high of $43.70. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $43.31 on volume of 5.7 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 monitoring the recent change of momentum in Coca-Cola Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coca-Cola Co/The in search of a potential trend change.

In the past 52 weeks, Coca-Cola Co/The share prices have been bracketed by a low of $39.88 and a high of $48.62 and are now at $43.53, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

Keywords: rebounders coca-cola co/the

Ticker(s): KO