CCE 2nd Price Target Hit for 16% Gain

The CCE (Coca-Cola Enterprises ) Active Long Swing Trade & Active Growth & Income Trade has just hit the second price target, T2 at 36.24, for a 15.9% gain*. CCE was added as a Long Swing Trade as well as a Growth & Income Trade just over 3 months ago on December 7th at 31.45. The asterisk denotes that the gain calculated on this trade reflects the adjustment for the dividend of 0.177 which was paid out on Jan 13th to shareholders of record on Dec 30th. CCE should also be paying out another dividend in the coming weeks. Original & updated daily charts shown below.



  1. Art March 17, 2017 10:11 am at 10:11 am

    Nice call!!


    • rsotc March 17, 2017 10:17 am at 10:17 am

      Thx Art. CCE had a very solid case made as a bottoming play back on Dec 7th on both the daily & weekly time frames.
      As soon as I get the short trade ideas updated (i.e.- re-assign those trades still listed as Active that have either hit their final price target or suggested stop) I’d like to focus my efforts on finding some more Growth & Income Trade candidates.


      • alphahunt March 17, 2017 11:22 am at 11:22 am

        Hi Randy
        Some of the candidates I have been watching for the long term portfolio – HII, SMG, AWK, MA. Passing it along in case you find any one particularly a good candidate.


        • rsotc March 17, 2017 11:49 am at 11:49 am

          Thx alphahunt. I’m looking forward to reviewing each of those charts & will let you know which ones, if any, stand out as potential trade/investment candidates.


        • rsotc March 17, 2017 2:42 pm at 2:42 pm

          I looked over the charts of those 4 long-term candidates & have to say that I can’t make a decent case to go long any other than the fact that they still appear to be in primary uptrends. Of the four, if I had to buy one here & tuck it away it would be AWK. Objective stops, depending of course on how high your profit target is, would be a break below the minor uptrend line off the Jan 12th lows (daily chart, log scaling) & then a much more significant horizontal support level around 70.30-70.00, if you’re willing to give it that much room.

          HII just printed a divergent high & extreme overbought reading on the daily chart.

          SMG broke down below a key uptrend line & immediately backtested it at the end of Jan (bearish). Currently, the stock is approaching the apex of a symmetrical triangle pattern with the TL’s generated off the Dec ’16 highs & the Feb 2, 2017 low with the PPO in bearish territory. Best to wait to see which direction prices break from that triangle before taking a position IMO or at least consider stopping out on a convincing break below.

          If my call for a correction in the financials pans out, MA will almost certainly get dragged down with the lot.

          JMHO & best of luck if you take or already own any of them.


  2. Ruben March 17, 2017 3:30 pm at 3:30 pm

    CCE earnings 21st of March


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