Coca Cola (KO) Stock At New Highs But Its Not Too Late To Profit

Posted: Monday, November 23, 2009 12:09 PM EDT

Coca Cola (NYSE: KO) opened at $57.71. So far today, the stock has hit a low of $57.71 and a high of $58.30. KO is now trading at $58.30, up $.82 (1.42%). Over the last 52 weeks the stock has ranged from a low of $37.44 to a high of $57.69. KO stock has been trading strongly since better than expected earnings last month, and the stock continues to show strength today with shares trading up to a new 52 week high earlier in the session. Technical indicators for the stock are bullish and S&P gives KO a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on KO the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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