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Coca-Cola Co/The Set to Possibly Rebound After Yesterday's Selloff of 1.62%

By Nick Russo

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $48.76 to a high of $49.63. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $48.89 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Coca-Cola Co/The on October 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.89. Since that recommendation, shares of Coca-Cola Co/The have risen 5.7%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Coca-Cola Co/The has traded in a range of $41.45 to $50.84 and is now at $48.78, 18% 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%.

Keywords: rebounders coca-cola co/the

Ticker(s): KO