Long Position on CCE @ $31.41 on 9/20/2012 (Momentum)

Coca-Cola Enterprises (CCE) produces, distributes, and markets nonalcoholic beverages. It provides still and sparkling waters, juices, sports drinks, juice drinks, coffee-based beverages, and teas. Coca-Cola Enterprises, Inc. offers its products primarily under Coca-Cola, Diet Coke/Coke Light, Fanta, Coca-Cola Zero, Capri-Sun, Schweppes, Sprite, Chaudfontaine, Minute Maid, Oasis, and Dr. Pepper brands.31

The company distributes its products through retailers and wholesalers; and through licensed territory agreements in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.

Shares have formed a bullish "flag" following the company's earnings report. Note that in that report the company said that it plans to return at least $5.5B to investors by the year's end. The firm has 294.5 million shares in float. The $5.5B cash translates to a one time dividend of about $17.

52-Week Trading Range: $23.03 - 31.50

Last Trade:  $31.41

Stop Loss: $29.82

Stop Loss:  $34.54

Updates

10/25/2012 4:16:26 PM

Stock did not achieve the 10% target in 30 days. We closed at the position at $31.22

Position closed on 10/25/2012 at price of $31.22 with a -0.60% loss in 35 days.

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