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

By Nick Russo

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.

Coca-Cola Co/The share prices have moved between a 52-week high of $48.62 and a 52-week low of $39.88 and are now trading 10% above that low price at $43.97 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 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