AI
Monday, March 19, 2018 11:50:19 AM
Know This Trade Level For Coca Cola Co
The Coca Cola Co (NYSE:KO) is a leading beverage company that is known world-wide. This beverage stock peaked out on January 26, 2018 at $48.61 a share. Today, KO stock is trading higher by 0.10 to $43.56 a share. Traders should note that KO stock is now trading in a sideways range below its 50 and 200-day moving averages. This formation tells me that the stock remains in a weak technical chart position. The next key support level for KO stock will be around the $41.00 area. This level is where the stock was defended in December 2016. Often, the institutional money will defend an equity again when a major support level is retested. I will be looking to trade KO stock on the long side around the $41.00 level.
Nicholas Santiago
InTheMoneyStocks
The Coca Cola Co (NYSE:KO) is a leading beverage company that is known world-wide. This beverage stock peaked out on January 26, 2018 at $48.61 a share. Today, KO stock is trading higher by 0.10 to $43.56 a share. Traders should note that KO stock is now trading in a sideways range below its 50 and 200-day moving averages. This formation tells me that the stock remains in a weak technical chart position. The next key support level for KO stock will be around the $41.00 area. This level is where the stock was defended in December 2016. Often, the institutional money will defend an equity again when a major support level is retested. I will be looking to trade KO stock on the long side around the $41.00 level.
Nicholas Santiago
InTheMoneyStocks
