Do not look at Coke as a value play. This is more a play on global growth, but within the context of a defensive sector.
The technical signals sent by the beverage giant's charts tell a bullish story.
For those long this name there is hope.
Prices reached the $307 price target from the Point and Figure chart so now what?
Overall, I wasn't blown away by these numbers.
Despite the stock's sharp move higher after reporting earnings, the technical trend remains lower for the streaming behemoth.
Most importantly, at least to me as an investor, is tangible book value.
Let's take another look at the charts.
Of course, performance matters, but investors are forward looking. For this name, this is especially true.
Here's how traders can play WFC right now.