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Coca-Cola Co/The Bearish Moving Average Crossover Alert (KO)

By Nick Russo

Coca-Cola Co/The (NYSE:KO) shares have crossed bearishly below their 10-day moving average of $51.99 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Coca-Cola Co/The have traded between a low of $44.25 and a high of $52.47 and are now at $51.78, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

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 10.2%. We continue to monitor KO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coca-cola co/the

Ticker(s): KO