Retail Question
Think Coca Cola has finally hit a bottom?
Answers
4085 points
EthanR answered 10 months ago …
Intern, I hate to answer questions like this because I would feel bad if the stock took off tomorrow and you didn't buy it. However, I have to say that I like KO much better at $40-41 than at current price of 43.12. Several times in the recent past it has held at that level. KO just fell below the 50 day average and is on an MACD sell signal, two negatives. In my opinion, it should be bought between 40-41, and put a stop loss in at about 39.75, in case it doesn't hold support again.
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