Coca-Cola Company (The)(KO) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Coca-Cola Company (The)(KO) closed at 59.41, up 1 or 1.71 % for the day. Based on our analysis, Coca-Cola Company (The)(KO) is in an downtrend.

The closing price of Coca-Cola Company (The)(KO) is below its 50 day moving average of 62.34 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Coca-Cola Company (The)(KO) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 17-Jan-2008, about 8 trading days ago.