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Watch for Shares of Coca-Cola (KO) to Approach Resistance at $45.57

By Amy Schwartz

Shares of Coca-Cola (NYSE:KO) have bullishly opened above the pivot of $45.29 today and have reached the first resistance level of $45.47. Investors may be interested in a cross of the next upside pivot targets of $45.57 and $45.85.

In the past 52 weeks, shares of Coca-Cola have traded between a low of $36.56 and a high of $47.13 and are now at $45.48, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

Based on a current price of $45.48, Coca-Cola is currently 4.9% above its average consensus analyst price target of $43.26. The stock should find initial support at its 50-day moving average (MA) of $45.28 and further support at its 200-day MA of $42.53.

SmarTrend recommended that subscribers consider buying shares of Coca-Cola on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.08. Since that recommendation, shares of Coca-Cola have risen 7.9%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Coca-Cola

Ticker(s): KO