Analysts suggest to Buy. The Target price might be set to 55.00 USD.
Prices are moving horizontally inside a channel (in trendless condition) and, based on Technical analysis, the idea is to buy - go long - only if the resistance level of 49.00 USD (I would suggest 50.00 USD) will be broken.
There is still an option that the resistance of 49usd will not be broken and the prices might go down and keep moving inside the channel.
In conclusion, wait that the resistance level will be broken before going long.
Fundamental Analysis:
Coca-Cola plans to cut ‘zombie brands’ from its portfolio
The cuts have already begun. Coca-Cola said that it would stop operations on the Odwalla brand of juice beverages, effective July 31. There will be 300 job cuts as a result of the move.
Prices are moving horizontally inside a channel (in trendless condition) and, based on Technical analysis, the idea is to buy - go long - only if the resistance level of 49.00 USD (I would suggest 50.00 USD) will be broken.
There is still an option that the resistance of 49usd will not be broken and the prices might go down and keep moving inside the channel.
In conclusion, wait that the resistance level will be broken before going long.
Fundamental Analysis:
Coca-Cola plans to cut ‘zombie brands’ from its portfolio
The cuts have already begun. Coca-Cola said that it would stop operations on the Odwalla brand of juice beverages, effective July 31. There will be 300 job cuts as a result of the move.