Coca Cola Co. (KO) Breaches 20 Day MA After A Spike In Q4 Earnings

Coca Cola Co. (NYSE: KO), another key constituent of the Dow Industrial Average Index, soared 3.7% by mid-day trading, after Coca Cola Co. (KO) earnings spiked by 55% in the Q4 ended last December.

Coca Cola, (KO) which has remained an underperformer compared to its main rival Pepsico (NYSE: PEP) over the past year, has also managed to breach its 20 day MA. Coca Cola Co. (KO) has shown strong signs of gaining and retaining its market share in the largest markets of India and China over the past quarter.