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

By Amy Schwartz

Coca-Cola Enterprises (NYSE:CCE) crossed over its 10-day moving average of $38.20 on a volume of 1.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $38.99, 28% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively.

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 4.6%. 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