Coca Cola Sees Resistance From Downtrend Line

 | May 04, 2015 01:39AM ET

Resistance from the downtrend line on the Coca-Cola Company (NYSE:KO) chart. Support around $39.50-$40 has offered support a few times already. I favor the bearish scenario, using $41.50 as the stop on short positions.

KO stock price (1 year)