Consumer staples don’t have to be boring. That’s a whopping 70% up and counting.


  • Coca-Cola Consolidated (COKE) is trading at a new all-time high and has strong technical momentum.

  • Shares are up nearly 70% over the past 52 weeks.

  • COKE currently maintains a 100% “Buy” technical outlook from Barchart.

  • Analyst sentiment is mixed with price targets ranging from $160 to $342.

At $13.77 billion, Coca-Cola Consolidated ( COKE ) is the largest independent bottler of Coca-Cola ( KO ) products in the U.S. The company is based in Charlotte, North Carolina and produces, sells, and distributes Coca-Cola beverages to consumers in 14 states.

I found today’s chart by using Barchart’s powerful screening functions to sort out stocks with high technical buy signals; Excellent current movement in both strength and direction; and a trend-seeking “buy” signal. I then used Barchart’s flipchart feature to review the charts for consistent price appreciation. COKE checks these boxes.

www.barchart.com
www.barchart.com

Editor’s note: The technical indicators below are updated live every 20 minutes during the session and therefore can change daily as the market changes. Therefore the indicators shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form a bar chart view on a particular stock.

COKE hit a high of $209.86 on March 10.

  • Coca-Cola has a weighted alpha of +82.02.

  • It has a 100% “Buy” opinion from Barchart.

  • The stock has grown 69.16% over the past 52 weeks.

  • COKE has maintained its trend-seeking “Buy” signal.

  • The stock recently traded at $207.66 with a 50-day moving average of $166.33.

  • Coca-Cola has made 11 new highs over the past month and is up 32.73%.

  • The Relative Strength Index (RSI) is at 79.23.

  • The technical support rate is about $205.49.

  • Analysts followed by Barchart do not rate the stock.

  • The value line rates the stock as “Above Average” with price targets between $160 and $342 in line with $252.

  • CFRA’s MarketScope gives the stock a “Hold” rating.

  • Morningstar thinks the stock is reasonably valued.

  • 1,060 investors following the stock at Motley Fool think it will beat the market while 159 think it won’t.

  • 42,610 investors follow the stock at Search Alpha, which does not rank it.

  • Short interest is 2.99% of float with 4.64 days to cover float.

If you’re looking for a slow and steady consumer staples stock, consider COKE.

Additional Disclosure: A daily bar chart indicates stocks that are experiencing abnormal current price appreciation. They are not for purchase recommendations as these stocks are highly volatile and speculative. If you decide to add one of these stocks to your investment portfolio it is highly recommended that you follow a predetermined diversification and exposure to losses that is consistent with your personal investment risk tolerance.

As of the date of publication, Jim Van Meerten had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com

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