Trading Coca Cola: Watch This Price Point
InTheMoneyStocks.com | Mar 18, 2019 03:12PM ET
Coca-Cola (NYSE:KO) has been under selling pressure since February 13, 2019. Back then 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 the stock is now below its 50- and 200-day moving averages. This puts it in a weak technical position on the charts.h3 Watch This Support/h3
The next important support level for KO stock is around the $42.50 area. That's where KO was defended back in May 2018 and will likely be supported again when retested.
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