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Coca-Cola Enterprises Crosses Above its 10-day MA (CCE)

By Amy Schwartz

Today, shares of Coca-Cola Enterprises (NYSE:CCE) have advanced above their 10-day MA of $52.68 on a volume of 432K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Coca-Cola Enterprises have traded between a low of $42.13 and a high of $54.54 and are now at $53.80, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Coca-Cola Enterprises on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.65. Since that recommendation, shares of Coca-Cola Enterprises have risen 6.8%. 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