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March 09, 2006
KO Also Comes To Life
Coca-Cola (KO) broke trendline resistance in February and consolidated the last two weeks. The breakout is holding and the trendline extension is turning into support around 41.5. Notice that On Balance Volume (green line) is stronger than the stock and this shows that upside volume is outpacing downside volume.
Posted by Arthur B. Hill at March 9, 2006 06:31 AM