After falling 2.5% on Monday, Coca-Cola (KO) recovered with a 5+ percent surge to lead the Consumer Staples SPDR (XLP) higher on Tuesday. KO Has been one of the top performing stocks in 2013 and XLP has been one of the top performing sectors.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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