Coca Cola: Short-Term Bearish

 | Apr 02, 2015 12:35AM ET

Coca-Cola Company (NYSE:KO) shares in a precarious position, consolidating in a tight channel between $39.50 and $41 during the last 3 weeks. A break below $39.50 looks imminent for a new multimonth low. Only a close above $41 could turn the tide. Short-term bearish.

KO stock price (6 months):