Coca-Cola (KO)
A nice bell-weather has closed (2-days now) below the upward recovery trend established in 2009 @the BTM.
Add'l OBV has been on a downward trajectory most of 2012, breaking the two uptrends from 2009.
There are fundamental reasons for the decline, 10yr rates are competing with it 2.8% yield and elevated PE ratio.
I beleive that the stock will...
Coke is at a critical point. It is nearing the end of a narrowing pendant trading range and close to a support line that has held up pretty good since the end of March. Wait for a close outside of this range and roll with it...whatever way that may be. Happy trading!
