Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Coca-Cola Company’s stock price (KO) returned higher in a volatile session, while the stock still attempts to collect profits and vent off overbought saturation in the RSI, with negative signals from the RSI, amid the dominance of the upward correctional short-term trend, while trading above the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $65.00, provided it settles above $61.20.
Trend forecast: Bullish