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Coke Is Fizzling Ahead of Earnings — Here's How to Trade It Now

Shares of Coca-Cola (KO) were under pressure for nearly all of Tuesday's session. The stock closed with a 1.5% loss as downside volume picked up noticeably ahead of Wednesday's earnings report.

This is a sharp reversal from the bullish action last week. As last week came to an end, Coca-Cola appeared to be on the verge of a breakout. The stock was beginning to put some distance on a key overhead trend line that linked the April and June...