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SmarTrend Watching for Potential Rebound in Shares of Coca-Cola Co/The After 1.29% Loss

By Amy Schwartz

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $43.55 to a high of $43.85. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $43.89 on volume of 3.9 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 $41.45 and are now trading 5% above that low price at $43.63 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Coca-Cola Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coca-Cola Co/The in search of a potential trend change.

Keywords: rebounders coca-cola co/the

Ticker(s): KO