AI
Monday, March 18, 2019 12:44:13 PM
Leading beverage company, Coca Cola Co (NYSE:KO), has been under some selling pressure since February 13, 2019. At that time, the stock was trading as high as $49.94 a share before warning about 2019 macroeconomic uncertainty and foreign exchange headwinds. Today, KO stock is trading at $45.60 a share. Traders should note that KO stock is now below its 50 and 200-day moving averages. This puts the stock in a weak technical position on the charts. The next important support level for KO stock will be around the $42.50 area. This is where the stock was defended back in May 2018 and will likely be supported again when retested.
Nick Santiago
InTheMoneyStocks
Recent KO News
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