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Watch for Coca-Cola Co/The to Potentially Pullback After Gaining 1.55% Yesterday

By Nick Russo

Coca-Cola Co/The (NYSE:KO) traded in a range yesterday that spanned from a low of $53.38 to a high of $53.98. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $53.90 on volume of 4.8 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 recommended that subscribers consider buying shares of Coca-Cola Co/The on April 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.35. Since that recommendation, shares of Coca-Cola Co/The have risen 11.9%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Coca-Cola Co/The share prices have been bracketed by a low of $44.25 and a high of $54.82 and are now at $53.94, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders coca-cola co/the

Ticker(s): KO