Coca-Cola Stock Crosses 50-Day SMA: What Should You Do Next?
Coca-Cola(KO) ZACKS·2024-10-16 01:10
The Coca-Cola Company (KO) continues to trend up the charts, backed by its strong brand portfolio, investments across the business, innovation and accelerated digital initiatives. Positive market trends have also been aiding KO’s stock momentum. Driven by these trends, the KO stock broke above its 50-day simple moving average (SMA) yesterday, indicating the possibility of an uptrend ahead. On Monday, Coca-Cola closed trade at $70.34, surpassing its 50-day SMA of $70.20.The KO stock trades above its 200-day ...