Great Potential Swing Trade for Coca-Cola (KO)

Coca Cola is well below the 200ma and has now bounced off its support. The stock is also in a bullish channel and with earning coming up and some positive news, it looks like it could be great swing trade for coming days/weeks and for a very cheap price in options!

Coca Cola is a safe bet, as we can all pretty much agree, the company isn't going anywhere long term.

They recently have made lots of adjustments to their business plans moving forward to adapt to the changing market and become more efficient as a company which can be found here: coca-colacompany.com/news/brian-smith-company-strategic-pivots

With a rise in the coffee market worldwide, Coca-Cola has recently launched their own product which can be found here: foxbusiness.com/lifestyle/coca-cola-coffee-launches-nationwide-2-options

Lastly, hard seltzers were the quickest growing products in the alcohol market last year with drinks such as Trulys gaining popularity. Much like the coffee market, Coca-Cola is launching their first ever alcoholic beverage and jumping on the seltzers band wagon moving forward, that info can be found here: usatoday.com/story/money/food/2021/01/25/coke-coffee-coca-cola-releases-soda-java-hybrid/6699634002/