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Hot Stock: Central European Distribution, Shares Gain 12.0% (CEDC)
Nov 19, 2012 (SmarTrend(R) Spotlight via COMTEX) --
Central European Distribution (NASDAQ:CEDC) is one of today's best performing low-priced stocks, up 12.0% to $1.86 on 1.1x average daily volume. Central European Distribution has traded 416,000 shares thus far today, vs. average volume of 391,000 shares per day. The stock has outperformed the Dow (12.0% to the Dow's 1.4%) and outperformed the S&P 500 (12.0% to the S&P's 1.7%) during today's trading.
Over the past year, Central European Distribution has traded in a range of $1.56 to $6.48 and is now at $1.86, 19% above that low. The 200-day and 50-day moving averages have moved 0.49% lower and 0.48% lower over the past week, respectively.
Central European Distribution has overhead space with shares priced $1.86, or 43.0% below the average consensus analyst price target of $3.27. Central European Distribution shares should first meet resistance at the 50-day moving average (MA) of $2.86 and find additional resistance at the 200-day MA of $3.77.
Central European Distribution Corporation imports beer, wine, and spirits, and distributes domestic vodka on a nationwide basis in Poland. The Company operates regional distribution centers in major urban areas throughout Poland.
SmarTrend recommended that its subscribers protect gains by selling shares of Central European Distribution on August 30th, 2012 by issuing a Downtrend alert when the shares were trading at $2.57. Since that call, shares of Central European Distribution have fallen 35.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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