On Friday, Coca-Cola Consolidated earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves.
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Coca-Cola Consolidated is working on a cup with handle with a 579.95 buy point. See if the stock can break out in volume at least 40% higher than normal.
Earnings Report
Coca-Cola Consolidated posted 101% earnings growth in the latest quarterly report, while sales growth came in at 12%. The company is expected to report its latest results on or around May 9.
Coca-Cola Consolidated earns the No. 2 rank among its peers in the Beverages-Non-Alcoholic industry group. Monster Beverage also among the group's highest-rated stocks.
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