Coca Cola Enterprises (CCE) NewsBite - Goldman Removes CCE From Conviction Buy List

Posted: Tuesday, November 10, 2009 1:42 PM EDT

Coca Cola Enterprises (NYSE: CCE) opened at $19.79. So far today, the stock has hit a low of $19.62 and a high of $20.09. CCE is now trading at $20.05, down $0.05 (-0.25%). Over the last 52 weeks the stock has ranged from a low of $7.25 to a high of $21.44. CCE shares are trading lower today after Goldman Sachs removed the stock from its Conviction Buy list. Technical indicators for the stock are bullish and S&P gives CCE a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CCE the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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