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Look for Shares of Coca-Cola Co/The to Potentially Pullback after Yesterday's 1.47% Rise

By Nick Russo

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $41.87 to a high of $42.32. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $42.31 on volume of 6.5 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 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.

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 $42.20, 6% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.20% higher over the past week, respectively.

Keywords: rebounders coca-cola co/the

Ticker(s): KO