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

By James Quinn

Coca-Cola Enterprises (NYSE:CCE) shares have crossed bearishly below their 10-day moving average of $39.65 on a volume of 379K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Coca-Cola Enterprises have traded between a low of $33.67 and a high of $54.54 and are now at $39.37, which is 17% above that low price. 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 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 22.1%. 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