Monday, March 19, 2018 11:50:19 AM
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
Recent KO News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
