user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 461438 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Bearish Moving Average Cross by Coca-Cola Enterprises (CCE)

Published on Mon, 03/18/2013 - 11:29
By Robert Cotter

Coca-Cola Enterprises (NYSE:CCE) crossed under its 10-day moving average of $36.02 on a volume of 369K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Coca-Cola Enterprises share prices have moved between a 52-week high of $36.57 and a 52-week low of $26.05 and are now trading 38% above that low price at $35.92 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

Coca-Cola Enterprises Inc. markets, sells, manufactures, and distributes non-alcoholic beverages. The Company provides refreshments, including sparkling waters, juices, isotonics, teas, and sodas. Coca-Cola Enterprises operates internationally.

There is potential upside of 5.7% for shares of Coca-Cola Enterprises based on a current price of $35.92 and an average consensus analyst price target of $37.98. The stock should discover initial support at its 50-day moving average (MA) of $34.93 and subsequent support at its 200-day MA of $31.06.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

UBS Made the Right Call, ArcelorMittal 4...

UBS upgraded ArcelorMittal (NYSE:MT) from Sell to Buy a week ago. The stock closed at ...

Relatively Good Performance Detected in ...

We looked at the Tobacco industry and measured relative performance to find the top sto ...

Shares of Ocwen Financial Rank the Highe...

Here are the top 5 stocks in the Thrifts & Mortgage Finance industry ranked by performa ...

Best Relative Performance in the Systems...

We looked at the Systems Software industry and measured relative performance to find th ...

Top 5 Companies in the Steel Industry wi...

Below are the top five companies in the Steel industry as measured by relative performa ...

FelCor Lodging Trust is Among the Compan...

Here are the top 5 stocks in the Specialized REITs industry ranked by performance. We ...

Amkor Technology has the Best Relative P...

We looked at the Semiconductor Equipment industry and measured relative performance to ...

DDR has the Best Relative Performance in...

Below are the top five companies in the Retail REITs industry as measured by relative p ...