COCA COLA FEMSA S.A.B. DE C.V. ADS - Coca-Cola Company (NYSE:KO) Is Plummeting Over the Last 7 Days - 09/25/2017 (GMT)

The Coca-Cola company (NYSE: KO), which is headquartered in Atlanta, Georgia, is an American multinational beverage corporation. Its stock price is trading in a correction mode, recording the seventh bearish day and slipped beneath the 50-day SMA.

The price is now approaching the $45.30 support handle, which overlaps with the 23.6% Fibonacci retracement level with low at $39.90 and high at $46.95. If the price drops below the latter level and the 100-day SMA, will open the way for the 38.2% fibo level, near $44.24. The MACD oscillator is falling and approaching the zero line. Also, the RSI indicator fell aggressively into the negative territory.