One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Coca-Cola Consolidated cleared that benchmark Monday, with a jump from 80 to 83 Monday.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest runs.
Hone Your Stock-Picking Skills By Focusing On These Factors
Coca-Cola Consolidated is working on a consolidation with a 1,376.84 buy point. See if the stock can clear the breakout price in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company reported 7% earnings growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 2 rank among its peers in the Beverages-Non-Alcoholic industry group. Vita Coco is the top-ranked stock within the group.
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