PaulYoung
Long

Coca-Cola Company

NYSE:KO   COCA COLA CO
15 0 0
Coca-Cola Company has consistently hovered around its USD 42.33 center line within the USD 40.16 – USD 44.52 band.

The stock price has again moved away from the center line and headed towards the upper boundary. The only hurdle right now is the boundary of the December gap at USD 42.52, which has already been breached to the upside. Investors can launch long positions at prices close to those seen at the moment. The upside target is the upper boundary (USD 44.52) of the trading band, and movement could turn out to be fairly sharp, so it would be better to take profit immediately after the stock reaches the upside target

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