By Mill Chart
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Technical breakout investing focuses on identifying stocks with strong momentum and consolidation patterns, offering potential entry points for traders. COCA-COLA CO/THE (NYSE:KO) currently presents a compelling case based on its technical strength and setup quality.
The ChartMill Technical report assigns KO a technical rating of 8 out of 10, indicating a robust uptrend. Key factors contributing to this score include:
KO has also demonstrated resilience, trading near the upper end of its 52-week range while the broader S&P 500 remains in a weaker long-term trend.
KO’s setup rating of 8 out of 10 highlights a favorable consolidation phase, offering a potential breakout opportunity:
The setup suggests an entry at $72.55, slightly above the 10-day moving average, with a stop-loss at $70.27, representing a manageable 3.14% risk per trade.
For more breakout setups, check the Technical Breakout Setups Screen.
Disclaimer: This analysis is not investment advice. Always conduct your own research and consider risk management before trading.