Coca-Cola Company -KO -Daily -Rallied back to key resistance

KO fell after earnings back on July 22 and slipped back to an old "Key Hidden Level- Earnings" Support zone at $39.50 and held. The current rebound is back into the gap and to the last earnings report and is a great place to exit longs. I just exited my long position and will look to go short tomorrow if and only if the range of trading is less than today.

You can see for yourself how well KO acts around previous earnings reporting levels. I would prefer to go long KO on a pullback to $41.58.

Tim 41.58 last KO 11:52AM EST 8/21/2014

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