Select Page

KO is finishing the week on solid footing.  The 50D moving average has provided solid support since mid July.  Next week the 50D will cross above the 200D for the first time since mid May of 2019.  KO began a nice bull run later that month.  By the end of September shares had gained 14%. 

A key hurdle in the near term is the $52.00 area.  Once cleared KO will have room to run.  Daily MACD remains near neutral despite a string of seven straight higher monthly lows.  On the downside, a close back below $48.00 would violate the October lows indicating that the sideways action since early April will likely continue. 

Earnings are due 10/22/AM.