Coca Cola (KO) NewsBite - KO Is On the Move
Posted: Thursday, October 22, 2009 10:21 AM EDT
By: Market Intelligence Center Staff
Coca Cola (KO) appears to be on the move today and is now at $53.53, down $0.54 (-1.00%) on volume of 942,015 shares traded. Over the last 52 weeks the stock has ranged from a low of $37.44 to a high of $55.50. KO was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la102209 . Coca Cola stock has been showing support around $53.16 and resistance in the $55.14 range. Technical indicators for the stock are bullish and S&P gives KO a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on KO the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 57.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Coca Cola (KO) Stock ReportSee what our analysts have uncovered about Coca Cola (KO).