Coca-Cola: first target hit, signal fading

Coca-Cola Company is at week 6 of an open buy trade: the first target of our most advanced model has just been reached, with the trade up +2.24% since entry. The signal is fading, though — strength at 33 out of 100, weak conviction — and the stock ranks 122nd among the 135 open longs for US stocks. The structure holds, but upside room is limited.