The Coca-Cola Company (KO) - Weekly Chart August 2019

Best Stock To Buy – The Coca-Cola Company (KO) – September 1, 2019.

The Coca-Cola Company (KO) – stock is trading little over 50  dollars and offering a possible buying price between $54.92 – $57.67. Let’s look at the stocks technical actions using a weekly chart.

The Coca-Cola Company (KO) - Weekly Chart August 2019
The Coca-Cola Company (KO) – Weekly Chart August 2019

2.  The stock brokeout and made a new high back in June. It took a while for this to happen when it broke down back in February.

3. The stock went right in to a consolidation, as it digested the gains.

4. The stock brokeout again and in rock solid volume this time.

5. The stock appears to be another consolidation, now.

6. Though volume was not that great, the accumulation volume seems to run heavier than the distribution.

7. The stock also found support at the 50 day moving average line.   

8. The stock is offering possible buying price between $54.92 – $57.67, with a stop loss at  $50.53.