timwest

Coca-Cola Company -KO -Daily -Rallied back to key resistance

NYSE:KO   COCA-COLA COMPANY (THE)
241 0 2
KO             fell after earnings back on July 22 and slipped back to an old "Key Hidden Level- Earnings" Support zone at $39.50 and held. The current rebound is back into the gap and to the last earnings report and is a great place to exit longs. I just exited my long position and will look to go short tomorrow if and only if the range of trading is less than today.

You can see for yourself how well KO             acts around previous earnings reporting levels. I would prefer to go long KO             on a pullback to $41.58.

Tim 41.58 last KO             11:52AM EST 8/21/2014

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