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by Andy Swan - Founder of DayTradeTeam	Email this article to a Friend  Printer friendly page

May 12, 2008 - After rallying over the last 3 years The Coca-Cola Company (NYSE:KO) looks to be...

After rallying over the last 3 years The Coca-Cola Company (NYSE:KO) looks to be setting up to reverse course and give back some of its gains. Why have I turned bearish on KO?

KO recently broke its 1 year uptrend and created a double top reversal. After forming this double top reversal, KO broke double top support @ 57 late last week on heavy volume. As well as forming this geometric pattern, there is a bearish cross in the 26, 50, 101 exponential moving averages.

...thanks for the trust you've shown in MrSwing and my business.

Happy trading,


Andy Swan - co-Founder of DaytradeTeam

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DayTradeTeam and this newsletter are provided for educational purposes only. No statement in the documents should be construed as a recommendation to buy or sell a security or to provide investment advice. It is possible at this or some subsequent time, the principals or staff of Profits Run may own, buy or sell securities discussed. All investors should consult a qualified professional before trading in any security. Stock and futures trading involves risk and are not suitable for all investors. The provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. Profits Run staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control.

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