Coca Cola's most recent trend suggests a bullish bias. One trading opportunity on Coca Cola is a Bull Put Spread using a strike $57.00 short put and a strike $52.00 long put offers a potential 16.82% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $52.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Coca Cola is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Coca Cola is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Coca Cola
Husband-and-Wife Team Worth $586 Million After Map Startup’s IPO
Tue, 21 Dec 2021 10:31:07 +0000
(Bloomberg) — More than two decades ago, when Rakesh and Rashmi Verma decided to create digital maps of India, the couple were treading new terrain, quite literally. Long before Google revolutionized web cartography, the Vermas traversed India’s mega-cities by foot, painstakingly charting streets and landmarks.Most Read from BloombergFDA Expected to Authorize Pfizer and Merck Covid Pills This WeekOmicron at Least Doubles Risk of Getting Infected on a PlaneExtreme Bidding Wars Are Raging in One
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Tue, 21 Dec 2021 04:45:27 +0000
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Herbert A. Allen III Elected to Board of Directors of The Coca-Cola Company
Mon, 20 Dec 2021 19:30:00 +0000
ATLANTA, December 20, 2021–The Coca-Cola Company today announced that Herbert A. Allen III, president of Allen & Co. LLC, has been elected as a director.
Market check: Stocks sink on stimulus blow, Omicron concerns
Mon, 20 Dec 2021 15:00:14 +0000
Yahoo Finance Live hosts Brian Sozzi and Julie Hyman look at the hits the market and various travel sectors are taking from what is presumed to be the residual effects of continued Omicron variant concerns.
10 Canadian Dividend Stocks to Buy for 2022
Mon, 20 Dec 2021 14:04:43 +0000
In this article, we discuss the best Canadian dividend stocks to buy for 2022. You can skip our detailed analysis of the Canadian financial market, and go directly to read 5 Canadian Dividend Stocks to Buy for 2022. Canadian stock market suffered heavily in the face of the pandemic as the S&P/TSX Composite Index fell […]
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