Keurig Dr Pepper is a significant beverage conglomerate that sells sodas, coffee, and a range of other beverages. The company also sells Keurig coffee brewers. The company has a host of famous brand names under its belt and a vast distribution network. The company is, in fact, the third-largest non-alcoholic beverage company in North America. The scale and competitive advantages of Keurig Dr Pepper positions it well for future long-term growth.
The long-term monthly chart for Keurig Dr Pepper shows an uptrend that has accelerated since 2018. The price has found support at the bottom trend line during the last couple of years. The level of $33.66 is an important area of value as it acted as resistance in January 2021 and now looks set to act as a support. The price is currently at the intersection of the $33.66 level as well as the bottom trend line. Therefore, there is a high likelihood of a reversal and a move back up. The initial target is $37 though investors can expect the price to go higher as the trend currently is making higher highs and higher lows. A stop-loss can be placed at $32.5 below the bottom trend line.
Position entered into our long-term tracking portfolio today. The entry point is at $34.53, and stop-loss is $26.05, which is 25% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $40.64, giving a gain of 18%.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.