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Coca-Cola Co/The (KO) Breaks Through Resistance at $53.67

By Shiri Gupta

Coca-Cola Co/The (NYSE:KO) has opened bullishly above the pivot of $53.33 today and has reached the first level of resistance at $53.67. Investors may be interested in a cross of the next upside pivot targets of $54.23 and $55.13.

Over the past year, Coca-Cola Co/The has traded in a range of $44.25 to $54.82 and is now at $53.38, 21% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Based on a current price of $53.38, Coca-Cola Co/The is currently 6.8% above its average consensus analyst price target of $49.73. Coca-Cola Co/The shares have support at the 50-day moving average (MA) of $52.09 and additional support at the 200-day MA of $48.83.

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 11.9%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts coca-cola co/the

Ticker(s): KO