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Watch for Shares of Coca-Cola Co/The (KO) to Approach Support at $44.17

By David Diaz

Shares of Coca-Cola Co/The (NYSE:KO) have bearishly opened below the pivot of $44.60 today and have reached the first support level of $44.37. Analysts will be watching for a cross of the next downside pivot targets of $44.17 and $43.75.

Coca-Cola Co/The has overhead space with shares priced $44.20, or 11.6% below the average consensus analyst price target of $50.01. Coca-Cola Co/The shares should encounter resistance at the 50-day moving average (MA) of $45.28 and support at its 200-day MA of $42.53.

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 $44.20, 11% above that low price. Over the past week, 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: pivot alerts coca-cola co/the

Ticker(s): KO