Coca Cola KOs its Previous Highs and Lows

Yesterday, we looked at a Daily Price Chart of Copart, Inc. and noted that the stock had been making a series of 52-Week Highs.

Today’s Chart is for Coca Cola Co. (NYSE: KO).

The Daily Price Chart below shows that KO has traded in a clear bullish pattern of higher highs and higher lows since November.

Track the Price Chart from lower left to the upper right…

Highs and lows

When we see stocks making a series of two or more higher highs and higher lows, we can reliably be assured that the stock will continue on in an upward trend.

So this trading pattern points to a bullish advance.

But it’s important to note that strong stock rallies have pullbacks along the way…

Which, for the savvy investor, indicates fresh buying opportunities.

Purchasing shares of KO after a 3 to 5% price pullback has provided a good entry point for the stock this year, and has produced a healthy return.

We’ll keep watching KO as it tops its previous highs and waiting for price pullbacks.

Maximizing Our Profit Potential

Additionally, we’d like to talk about how a previous Chart of the Day stock has done…

On December 4th, we highlighted ProShares UltraPro S&P 500 (NYSE: UPRO), noting that UPRO had pulled back after being temporarily overbought.

If you happened to have purchased UPRO shares on that day, you’d already be up 19.12%.

But… if you had purchased the right option contract, you would be up 123.01% in less than two months’ time!

That’s after only one trade.

I developed my premium research trading and training service, PowerTrend Options, for the express purpose of finding these life-changing chances.

Not by trading with my gut, but by trading by the numbers — pure technical analysis. My PowerTrend “X-Ray” system has seen me through more than 30 years of successful trading and competing. It built the life my family gets to live now.

In fact, that’s the whole thesis of that options research service — the right trade has the power to set you on the path to living the life of your dreams.

But we know that some people like to walk before they run… and so we designed a class just for them, called the Thunderbird Options Course. Complete with syllabus, videos, and quizzes. Check it out if you haven’t yet!

Best Regards,

Chuck Hughes
Editor, Chart Of The Day

Chuck Hughes

Written By Chuck Hughes

Before Chuck Hughes won 10 Trading Championships, he was an accomplished Air Force pilot. In fact, he credits his success as a stock and options trader to his disciplined upbringing and career. When he was deciding between a career in the Navy and a career in the Air Force, the Navy told him he’d only have a 33% chance of flying jets. The Air Force gave him 100%. He liked those odds better. 35 years ago, Chuck had a wife, a young daughter, a son on the way, and a huge mortgage to afford. He didn’t want to give up on his lifelong dream and stop flying for a major commercial airline. He knew he needed to supplement his income during the 15 days a month he wasn’t flying. So he used his experience in discipline and math, and his understanding of finance and the stock markets (which he’d always been interested in,) and opened a $4,600 trading account. He made over $460,000 in profits his first two years of trading, and he hasn’t looked back since. When he was diagnosed with Meniere’s disease 15 years later, which commonly leads to vertigo…He knew his career as a pilot wouldn’t last much longer with those odds. But he didn’t have to scurry to find another gig, or panic about how his family would eat… He’d spent the last 15 years perfecting his system and raking in cash. As an options trader, Chuck does not let his emotions get in the way of his trading strategy. He adheres to disciplined and methodical options and stock trades. Because he respects the options game so highly, and understands the true freedom that financial solvency can bring, Chuck was able to design and refine his system and win those 10 Trading Championships. Put simply, Chuck Hughes’ trading strategies work, and in all types of market conditions. They’ve worked throughout the bull, bear, and flat markets America has seen in the last 30 years. Chuck Hughes has spent that time building a reputation as one of the most trustworthy options traders in the industry. His publishing group Legacy Publishing LLC was one of the few trading groups on the planet to have correctly predicted and profited from the 2008 financial crash .As a published author 16 times over, a 10-time Trading Championship winner, and an options-trading teacher for 25 years, he’s learned to trade and teach without an ego.