Does This Provide a Reason to Buy Embotelladora Andina S.A. (AKO-B)? The Stock Has Formed Bullish Double Top Pattern

February 20, 2018 - By Peter Erickson

The chart of Embotelladora Andina S.A. (AKO-B) shows a double top with $31.90 target or 5.00 % above today’s $30.38 share price. The 5 months chart pattern indicates low risk for the $4.21B company. It was reported on Feb, 20 by Finviz.com. If the $31.90 price target is reached, the company will be worth $210.55 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.00% or $0.3 during the last trading session, reaching $30.38. About 14,404 shares traded. Embotelladora Andina S.A. (NYSE:AKO.B) has risen 20.14% since February 20, 2017 and is uptrending. It has outperformed by 3.44% the S&P500.

More news for Embotelladora Andina S.A. (NYSE:AKO.B) were recently published by: Marketwatch.com, which released: “Embotelladora Andina SA (Series B) ADR” on September 02, 2017. Quotes.Wsj.com‘s article titled: “Embotelladora Andina SA (Series A) ADR AKO.A (US: NYSE)” and published on February 11, 2011 is yet another important article.

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