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SmarTrend Watching for Potential Pullback in Shares of Coca-Cola After 2.15% GainFeb 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Coca-Cola (NYSE:KO) traded in a range yesterday that spanned from a low of $37.71 to a high of $38.52. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $37.89 on volume of 20.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend is tracking the current trend status for Coca-Cola and will alert subscribers who have KO in their portfolio or watchlist when shares have changed trend direction. In the past 52 weeks, Coca-Cola share prices have been bracketed by a low of $34.25 and a high of $40.66 and are now at $38.52, 12% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.04% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |