Coca-Cola (KO) Price Near $51.05; in an Uptrend Over Past 14 Days

The Hourly View for KO

Last Updated September 15, 2020, 23:10 GMT

At the time of this writing, KO’s price is up $0.24 (0.47%) from the hour prior. This is the 2nd hour in a row KO has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Coca Cola Co Daily Price Recap

The back and forth price flow continues for Coca Cola Co, which started today off at 50.71 US dollars, down 0.69% ($0.35) from the previous day. This move happened on lower volume, as yesterday’s volume was down 40.28% from the day before — and down 58.49% from the same day the week before. Let’s take a look at the daily price chart of Coca Cola Co.

KO

Coca Cola Co Technical Analysis

Coming into today the current price of Coca Cola Co is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Coca Cola Co’s price has gone up 16 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about KO:

    $KO

    ALKM (ASK @ 0.0011)

    Alkame Receives Five Year Co-Packing Agreement with LiquidCBDtea Brand with Expected $20 Million Minimum for the Contract!

    Alkame Holdings, Inc. announces that its wholly-owned subsidiary West Coast Co Packer, Inc. was awarded a five-year Co-Packing Agreement by Citadel Pacific, LLC for its LiquidCBDtea brand.

    "This multiyear year and the multimillion-dollar contract calls for West Coast Co Packer, Inc. to package a minimum of one million units on a monthly basis.

    The yearly contract is valued at a minimum of approximately $4 million per year and approximately $20 million minimum for the term of the contract. The Agreement will begin in September 2020 and estimated to begin production in November."

    Jim Johnson, Founder of Citadel Pacific stated, "We have created the perfect partnership with West Coast Co Packer's extensive CBD and co-packing expertise."

    https://finance.yahoo.com/news/alkame-receives-five-co-packing-120500111.html

    :.

    NPKF