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Look for Shares of Coca-Cola to Potentially Pullback after Yesterday's 2.15% Rise
Feb 22, 2013 (SmarTrend(R) News Watch via COMTEX) --
Coca-Cola (NYSE:KO) traded in a range yesterday that spanned from a low of $37.71 to a high of $38.52. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $37.89 on volume of 20.1 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 is tracking the current trend status for Coca-Cola and will alert subscribers who have KO in their portfolio or watchlist when shares have changed trend direction.
Over the past year, Coca-Cola has traded in a range of $34.25 to $40.66 and is now at $38.52, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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