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Old 08-11-2010, 02:04 AM   #1 (permalink)
 
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Coca Cola (KO) Has a top formed?


Coca Cola, the popular slow moving dividend stock has been on a significant 12% rally in the last 6 weeks. Coca Cola is now testing a top resistance level from 1 year ago and looks to reverse here, a 4-6% profit target shorting at the $56.90-57.50 level would be a low risk trade.
Take a look at the chart:


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Old 08-11-2010, 07:31 AM   #2 (permalink)
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here is the weekly chart:



the december 11, 2009 high of 59.40 is a resistance level i would look to short at IMHO, provided candlesticks confirm.
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