Jul. 3 at 3:30 PM
$KO has been outperforming its competitors all year long! (
$PEP $CELH)
After making new all time highs, the stock is meeting resistance at ~
$84.15
This success is due to
$KO's ability to balance affordability with premiumization
Management continues to leverage revenue growth management, targeted pricing and consumer-centric pack architecture to protect demand while addressing pressure on lower-income consumers
Technically speaking, do we reject here and revisit the 50DMA?
Possibly, a pullback to about ~
$80 present a fantastic long opportunity!
