* Stock is trading today above its 200d MA - first time since Nov 2016
* Stock has underperfomed SX5E by 3.9% YTD / by 16.80% on 52w., Underperformed SX3E by another 3%
* Beverage continue to Underperform the broader market but communications from integration & Synergies from SAB Deal could help the performance
* 2017 Highs have been tested and broken today (103.12 - we traded up to 103.20)
* Stock opened with a gap today ( 101.82/102.80) if they close above the 200d MA (102.30) could see an acceleration to check higher levels
* 106.87 (3.8% higher) is the first level we should check on the upside - with an extension the 108 levels
* Support is the 50d MA (100.84) and the bottom of the range where we trade 100.34.
* Stock is trading Ex Div today and Reporting on Thu. 4th of May.
I will buy the stock to play a bounce from here.
See a quick chart below :