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Coca-Cola Enterprises Bearish Moving Average Crossover Alert (CCE)

By Amy Schwartz

Coca-Cola Enterprises (NYSE:CCE) crossed under its 10-day moving average of $38.34 on a volume of 671K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Coca-Cola Enterprises has traded in a range of $33.67 to $54.54 and is now at $38.02, 13% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Coca-Cola Enterprises on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $51.23. Since that call, shares of Coca-Cola Enterprises have fallen 24.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses coca-cola enterprises

Ticker(s): CCE