Evidence of the stock's uptrend is presented by Coca-Cola's 50- and 200-day moving averages, which are both pointing higher.
Let's check out the charts and indicators.
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
We suspect the new short-term uptrend has some degree of validity
Traders and investors were disappointed recently when the IT company did not raise guidance and that weakness does not look like it has run its course.
We are overbought and sentiment is still elevated, so volatility should tick up in the coming week.
MSFT could continue to impress on the upside, but a break of the late June lows will weaken the chart.
Everything other than price points to a move higher.
Let's check out the latest charts and indicators.
Traders should be ready for a breakout or breakdown in the near-term.