Coca-Cola ends cautiously higher - Analysis - 17-07-2017

Coca-Cola's stock (KO) rose in the intraday levels, scoring a profit of 0.56% in the last session, or 0.25 points, as the stock vents off the oversold saturation in relative power indicators, amid negative pressure from the 50-day SMA, while getting hurt by exiting an ascending price channel that limited recent trading. 

Therefore we expect the stock to return lower, targeting the support of 43.79, as long as it settles below 44.80.