The Chart of the Day is Coca-Cola Bottling Company Consolidated (COKE). I found the stock right at the top of the New High List when I sorted it for frequency. Since the Trend Spotter signed a buy on 10/17 the stock is up 8.46%.
Coca-Cola Bottling Co. Consolidated is engaged in the production, marketing and distribution of carbonated and noncarbonated beverages, primarily products of The Coca-Cola Company. This is the bottler headquartered in Charlotte, not in Atlanta.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 19 new highs and up 8.64% in the last month
- Relative Strength Index 74.44%
- Barchart computes a technical support level at 65.62
- Recently traded at 68.83 with a 50 day moving average of 64.00
Fundamental factors:
- Market Cap $636.68 million
- P/E 19.75
- Dividend Yield 1.48%
- Citigroup has this stock on it's hold list
- Although they do not make a revenue projection they estimate earnings will increase by 13.60% this year and an additional 7.40% next year
- On Motley Fool the readers voted that the stock will beat the market by a 595 to 48 vote
- Financial Strength is B
This is a defensive income stock and is not suited for aggressive growth portfolios,
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