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Lingering Below 50 DMA Line and Perched -12.3% Off High - Monday, September 25, 2023
Coca-Cola Consolidated (COKE -$1.26 or -0.19% to $654.00) suffered a small loss today with very light volume. Recently it has been sputtering below its 50-day moving average (DMA) line ($672) after volume-driven losses. A rebound above the 50 DMA line is needed for its outlook to improve.COKE was highlighted in yellow with pivot point cited based on its 5/04/23 high plus 10 cents in the 8/03/23 mid-day report. It was shown in this FSU section on 9/11/23 with an annotated graph under the headline "Rebounded Above 50-Day Moving Average".
COKE has a 99 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. It reported Jun '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period, continuing its strong track record. The 6 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 511 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. There are only 5.8 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
Rebounded Above 50-Day Moving Average - Monday, September 11, 2023
Coca-Cola Consolidated (COKE +$23.14 or +3.54% to $676.00) volume was near average today while rebounding above its 50-day moving average (DMA) line ($667).COKE was highlighted in yellow with pivot point cited based on its 5/04/23 high plus 10 cents in the 8/03/23 mid-day report (read here). It was shown in this FSU section on 8/03/23 with an annotated graph under the headline "Powerful Breakout for COKE".
COKE has a 99 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. It reported Jun '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period, continuing its strong track record. The 6 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 511 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. There are only 5.8 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
Powerful Breakout for COKE - Thursday, August 3, 2023
Coca-Cola Consolidated (COKE +$83.74 or +13.42% to $707.79) was highlighted in yellow with pivot point cited based on its 5/04/23 high plus 10 cents in the earlier mid-day report. It reported Jun '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period, continuing its strong track record. It hit a new 52-week high with today's big gain backed by +159% above average volume triggering a technical buy signal, rebounding from below its 50-day moving average (DMA) line ($650).COKE was last shown in this FSU section on 6/14/23 with an annotated graph under the headline "Fell Below Pivot Point With Recent Volume-Driven Losses". It was dropped from the Featured Stocks list on 7/11/23. COKE has a 99 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. The 5 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 506 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.6 is an unbiased indication its shares have been under distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of B. There are only 5.8 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
Fell Below Pivot Point With Recent Volume-Driven Losses - Wednesday, June 14, 2023
Coca-Cola Consolidated (COKE -$6.76 or -1.03% to $646.89) pulled back below its pivot point with today's 4th consecutive volume-driven loss. Recent lows in the $625 area define important near-term support above its 50-day moving average (DMA) line ($613). Fundamentals remain strong.
COKE was highlighted in yellow in the 5/04/23 mid-day report and covered in more detail that evening with an annotated graph under the headline "COKE is Showing Real Strength".Bullish action came after it reported Mar '23 quarterly earnings +93% on +12% sales revenues versus the year-ago period, continuing its strong earnings track record. COKE has a 99 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. The 5 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 480 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been under distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. There are only 5.8 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
COKE is Showing Real Strength - Thursday, May 4, 2023
Coca-Cola Consolidated (COKE +$66.78 or +11.30% to $657.69) posted a solid gain backed by +128% above average volume and closed above the new pivot point cited based on its 6/07/22 high plus 10 cents, triggering a technical buy signal. Bullish action came after it reported Mar '23 quarterly earnings +93% on +12% sales revenues versus the year-ago period, continuing its strong earnings track record.
COKE has a 99 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. The 5 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18. Fundamentals remained strong while COKE went through a deep consolidation since dropped from the Featured Stocks list when noted on 6/16/22. It abruptly stalled and encountered distributional pressure after hitting a new high.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 476 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. There are only 5.8 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
Paused After Hitting New High With Volume-Driven Gains - Tuesday, June 7, 2022
Coca-Cola Consolidated (COKE -$0.79 or -0.12% to $634.98) paused today after reaching a new all-time high following 4 consecutive volume-driven gains. Confirming gains for new highs with at least +40% above average volume would be a reassuring sign of fresh institutional buying demand. It was highlighted in yellow in the 6/06/22 mid-day report (read here) with a pivot point cited based on its 1/13/22 high plus 10 cents and it was noted - "A strong gain and close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal."
Fundamentals have been strong. COKE has a 93 Earnings Per Share Rating, well above the 80+ minimum for buy candidates. It reported Mar '22 quarterly earnings +29% on +11% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong after a slight downturn in FY '18.
The number of top-rated funds owning its shares rose from 379 in Jun '21 to 425 in Mar '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of C. There are only 4.6 million shares in the public float which can contribute to greater price volatility due to any buying or selling by the institutional crowd.
