Coca-Cola Co.(KO) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Coca-Cola Co.(KO) closed at 57.44, down -1.15 or -1.96 % today. Based on our analysis, Coca-Cola Co.(KO) is in an downtrend but momentum is showing some life.

The closing price of Coca-Cola Co.(KO) is below its 50 day moving average of 59.31 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Coca-Cola Co.(KO) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 20-May-2008, about 7 trading days ago.