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Coca-Cola Company (KO) – stock is trading around $53.80 dollars as of December, 04, 2019 and offering a possible buying price between $53.75 – $56.44. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a solid run with occasional pause since it’s mid May breakout.
3. Then the stock staged kind of stalling action and was unable to set a direction.
4. It finally broke down and gave up the 50 day moving average ( DMA), as well.
5. It appears to be the stock regained the 50 DAM line recently.
6. The stock is offering possible buying price between $53.75 – $56.44, with a stop loss at $49.45.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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