Will Coca Cola Be KO'd Again?

Published 11/04/2014, 12:40 AM
Updated 05/14/2017, 06:45 AM

Recently, the beverage giant Coca-Cola Company (NYSE:KO) topped out in early October 2014 at $44.87 a share. The stock has been under pressure despite announcing cost cutting measures. The Coca-Cola Company has cited a soft market for soda beverages as the reason for it's weak stock performance. The current chart pattern suggests that Coca-Cola Co stock should test the $39.50 area before finding any solid near term chart support. This was the level where the stock bottomed out in July 2014 before making new highs. Often, major pivot levels will serve as solid bounce areas when retested and this should be the case with KO stock.

COCA COLA

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