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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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