[May 24, 2012] Upgrade Alert for Central European Distribution (CEDC) Tweet May 24, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Central European Distribution (NASDAQ:CEDC) was upgraded from Reduce to Neutral at Nomura today. The stock closed yesterday at $4.19 on volume of 1.3 million shares, above average daily volume of 813,000. 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. In the past 52 weeks, Central European Distribution share prices have been bracketed by a low of $2.75 and a high of $12.66 and closed yesterday at $4.19, 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.6%. Central European Distribution has overhead space with shares priced $4.19, or 26.3% below the average consensus analyst price target of $5.69. The stock should find initial resistance at its 50-day moving average (MA) of $4.71 and further resistance at its 200-day MA of $5.14. SmarTrend is monitoring the recent change of momentum in Central European Distribution. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Central European Distribution in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]