With Coca Cola Stock today breaking below $40 intraday, the weakness has reached a point where I believe further trades are warranted for my portfolio.
Coca Cola Stock Chart for 2016
Coca Cola Stock set a new 52 week low today as it fell through the 200 day moving average. Yesterday, Nov 30, Coca Cola Stock had fallen below the 200 day moving average for the third day but then seemed to bounce and looks like it might perhaps be ready to try a bit of a recovery. That failed today and the stock broke through $41 and $40 to set a new low as it moved below the 200 day moving average.
Since the start of the year the stock had reached a high just above $47. Since then the move lower has been unrelenting with the stock continually unable to break prior lower highs. Coca Cola Stock is now down 15% from its year high.
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Coca Cola Stock (KO) Trade Alert for Dec 1 2016
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.