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Coca-Cola Co/The Set to Possibly Rebound After Yesterday's Selloff of 1.31%

By James Quinn

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $43.95 to a high of $44.43. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $44.33 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $43.97, 10% 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%.

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.

Keywords: rebounders coca-cola co/the

Ticker(s): KO