Things did indeed go better with Coke (KO).

I want to continue on the chart that we looked at on Friday where I suggested on Coca-Cola ( NYSE:KO ) here, the stock was just breaking out of this down trending resistance line, just kind of breaking above the 50-day moving average and now it is testing the 200-day moving average.

My suggestion really was look, if the stock starts moving higher that’s when you want to be a buyer because it’s telling you that no longer is the 50-day moving average acting as the top of the range like it did all the way through here, the green line, but instead it’s actually been broken through and now it’s not particularly relevant. And so that’s exactly what’s happened; we got that move today, consumer staples are moving really nicely and this is one of them.

So what I would suggest doing is staying long Coke ( NYSE:KO ), and in fact if Coke ( NYSE:KO ) starts trading above 40.00 then I would want to add to that position. But I think for now you can just kind of hang on to it and let it work. This is not a super high volatile stock so you’re not going to get rich trading this but you’re not going to get broke either. The trade is working, it broke through that trend line and that’s really what we were looking for.