Coca-Cola trims gains - Analysis - 31-05-2016

Coca-Cola's stock rose in the intraday levels, scoring a fresh profit of 0.2% in the last session, or 0.09 points, after the stock hit an intraday high at 44.96, bouncing off it lower and trimming the gains, with the dominance of the main upward trend in the medium and short terms along the trend line, coupled with an influx of positive signals from relative power indicators, while the SMA for the last 50 days period applies constant negative pressure. 

Therefore we expect more gains to come for the stock, targeting the resistance of 45.68.