After Yesterday's Rally of 1.66% Shares Could Potentially Pullback
Coca-Cola Enterprises (NYSE:CCE) traded in a range yesterday that spanned from a low of $37.51 to a high of $38.32. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $38.23 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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 27.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Coca-Cola Enterprises share prices have moved between a 52-week high of $54.54 and a 52-week low of $33.67 and are now trading 13% above that low price at $38.03 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
Keywords: rebounders coca-cola enterprises