Long Position on CCE @ $51.50 on 8/25/2015 (Rumor)

Coca-Cola Enterprises, Inc. (CCE) produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.

The company offers nonalcoholic ready-to-drink beverages with carbonation, including energy drinks, waters, and flavored waters; and nonalcoholic beverages without carbonation, such as waters and flavored waters, juice and juice drinks, teas, coffees, and sports drinks.

It sells its products primarily under the Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta, and Capri-Sun brands to retailers, wholesalers, and other customers.

Shares have formed a bullish "flag," ahead of the recent sell-off, on market rumors that Coca Cola Company is looking to buy some of its bottlers inclding CCE. The recent sell-off should offer a buying opportunity for this stock. 

52-Weeks Trading Range: $39.05 - $53.79

Entry Point: $51.50

Stop Loss: $48.90

Target Price: $56.75

Updates

10/9/2015 2:56:11 PM

CCE closed at $50.70 after its 30 days expired!

Position closed on 10/9/2015 at price of $50.70 with a -1.55% loss in 45 days.

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