Coca-Cola (KO Stock): The catalyst will be the announcement of the US CPI

AAATrade Team AAATrade

Today’s instrument is the Coca-Cola Co‘s stock traded in NYSE exchange under the ticker KO.

Looking at the KO‘s chart, we can see that it was lastly traded around $60.60 and in the pre-market session it is slightly up at around $60.95. This could hint that the market’s anticipation for today’s announcement of the quarterly earnings is positive, therefore we should expect it to test the resistance level at around $61.30 before deciding on the final direction. The catalyst will be the announcement of the US CPI at 15:30 (GMT+2) which will support the final direction.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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