Coca-Cola Co (NYSE: KO) has been stumbling as the share price tests the $49 resistance. It’s a price level that Coca-Cola has struggled with in the past as the price typically falls back to $44 since its April high. As the price broke lower on Wednesday, pressuring the Dow, option traders jumped in on Thursday to place bearish trades indicating a near-term move lower back to the support. Since April 7, the price of KO has struggled to gain any ground. The price has tested the $49 resistance on four separate occasions and each time retraced to the $43.50 support. The price recently retes...
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