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

By Nick Russo

Coca-Cola Enterprises (NYSE:CCE) crossed under its 10-day moving average of $40.08 on a volume of 284K shares. This may provide short-term investors a chance 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 $30.55 to $54.54 and is now at $39.91, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Coca-Cola Enterprises on March 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.04. Since that recommendation, shares of Coca-Cola Enterprises have risen 11.6%. We continue to monitor CCE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coca-cola enterprises

Ticker(s): CCE