Coca Cola – Reports 21st Feb

Coca Cola CCL is set to report earnings on the 21st of February. The stock is under Algo Engine sell conditions following a series of lower high formations,  during the past two years.

The most recent sell signal was in January at $8.75. If we assume flat EPS growth into FY19 we have CCL now trading on a 5% yield.

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Weakness in the upcoming result may push the share price below the $8.00 level, at which time, we would look to run a buy write strategy.



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