Business
Coca-Cola is ready to break out on earnings, says top technician
Coca-Cola is one of the best-performing Dow stocks over the last year, up 15 percent while the index has risen around 4 percent in the same period. The beverage behemoth has popped 5 percent in the last two weeks, and one top technician expects the rally to continue when it reports earnings this week.
" What I find interesting is that this sell-off [intotheDec24 lows] basically comes down and finds support, plus or minus, and comes to life, "Carter Worth, head of technical analysis at Cornerstone Macro, said Friday on CNBC's" Options Action. "
