Coca-Cola is ready to break out on earnings, says top technician

Coca-Cola is one of the best-performing Dow stocks over the last year, up 15 percent while the index has risen around 4 percent in the same period. The beverage behemoth has popped 5 percent in the last two weeks, and one top technician expects the rally to continue when it reports earnings this week.

“What I find interesting is that this sell-off [into the Dec. 24lows] basically comes down and finds support, plus or minus, and comes to life,” Carter Worth, head of technical analysis at Cornerstone Macro, said Friday on CNBC’s “Options Action.”

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