Coca-Cola is a well known blue chip US stock that can tend towards gains during recessions. As a consumer staple the thinking goes that most western consumers can still afford a soft drink even though times are tighter.
So how will Coca-Cola do this year?
From a seasonal perspective the company has a great seasonal bias. The company has gained 20 times in the last 25 years between March 13 and June 04. The average return has been 6.16% and the maximum gain has been over 20%. Is this now the time to consider buying into Coca-Cola as this strong seasonal pattern approaches?
Look at the key tech for a potential entry to consider!
Major Trade Risks:
The major trade risk here is that there is some negative news for Coca-Cola
Remember, don’t just trade it, but Seasonax it!