Coca-Cola Enterprises @ Year Highs

Published on Tuesday, 07 September 2010 12:34 Written by Christian Paolinetti

New York, September 7th (TradersHuddle.com) - Shares of Coca-Cola Enterprises, Inc. (NYSE:CCE) booked a new 52 week high today by trading above $29.46, traders are definitely monitoring Coca-Cola Enterprises' price action to see if this move attracts further buying into the stock.

Coca-Cola Enterprises, Inc. (NYSE:CCE) engages in the manufacture, distribution, and marketing of nonalcoholic beverages. The company offers its products principally under the Coca-Cola classic, Sprite, Dasani, POWERADE, Coca-Cola, Diet Coke/Coca-Cola light, Fanta, and Coca-Cola Zero brand names.

Coca-Cola Enterprises is currently trading 0.72% versus its previous trading session close, and it has calculated support and resistance at $27.88 and $29.46 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.82% from its previous trading close, which means that Coca-Cola Enterprises stock is outperforming the overall market.