Coca Cola (KO) May 4, 2015 preview

Resistance from the downtrend line on the KO chart. Support around $39.50-$40 has offered support a few times already. I favor the bearish scenario, using $41.50 as the stop on short positions.

KO stock price (1 year)

ko

Chart courtesy of StockCharts.com. http://stockcharts.com

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