Shares of Coca-Cola Enterprises (CCE) Sees Large Outflow of Money

Coca-Cola Enterprises (CCE) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.22 million) in Coca-Cola Enterprises (CCE). On Thursday, The value of composite uptick trades was $12.62 million, whereas, the value of composite downtick trades was $14.84 million and the ratio between the two was 0.85, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.82 million. $1.71 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.61. The negative money flow of ($1.11 million) shows selling on strength. Coca-Cola Enterprises (CCE) gained $0.55 intraday at $35.34 and registrered 1.58% for the week.


Coca-Cola Enterprises (CCE) : The highest level Coca-Cola Enterprises (CCE) is projected to reach is $57 for the short term and the lowest estimate is at $40. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $46.31 and the possibility the share price can swing is $6.2. The stock has recorded a 20-day Moving Average of 3.07% and the 50-Day Moving Average is 4.86%.

Coca-Cola Enterprises (NYSE:CCE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.08 and $35.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.58, notching a gain of 2.27% for the day. The total traded volume was 6,326,735 . The stock had closed at $34.79 on the previous day.

Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The Company is The Coca-Cola Companys (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition, it purchases sweeteners, juices, mineral waters, finished product, carbon dioxide, fuel, PET (plastic) preforms, glass, aluminum and plastic bottles, aluminum and steel cans, pouches, closures, post-mix, and packaging materials. The Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.

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