Pro-Cyclic buy Over 50$
Updated
Coca-Cola is paying a dividend for more than 58 years! Thats a number right?
The income per share for the last quarter was 0.41$ exactly the amount of the dividend. Despite this is quiet a break-in, I think this is a good sign for the Coca-Cola Company.
To the technicals:
There is a resistance Cluster ahead between 49.19 and 49.96. When the price surpasses the 50$ mark on a "daily basis" it could be well time for a "procyclic buy".
The income per share for the last quarter was 0.41$ exactly the amount of the dividend. Despite this is quiet a break-in, I think this is a good sign for the Coca-Cola Company.
To the technicals:
There is a resistance Cluster ahead between 49.19 and 49.96. When the price surpasses the 50$ mark on a "daily basis" it could be well time for a "procyclic buy".
Note
I forgot: the EMA200 (days) is also an upcoming resistance. At the moment at 49.04.Note
the stock bounced off the EMA200 at the 28 of July. I think I we have to wait a bit for the breakout.Trade active
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