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

By David Diaz

Today, shares of Coca-Cola Enterprises (NYSE:CCE) have crossed bullishly above their 10-day moving average of $40.72 on a volume of 186K shares. Swing traders may find an opportunity 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 $40.91, 34% 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 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 12.2%. 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