Coca-Cola Co.(KO) is in an downtrend

(28-Apr-2008) (28-Apr-2008) Coca-Cola Co.(KO) closed at 58.98, down -0.35 or -0.59 % today. Based on our analysis, Coca-Cola Co.(KO) is in an downtrend.

The closing price of Coca-Cola Co.(KO) is below its 50 day moving average of 59.83 (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 Co.(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 11-Apr-2008, about 13 trading days ago.