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Hot Stock: Central European Distribution, Shares Gain 5.2% (CEDC)Feb 11, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Central European Distribution (NASDAQ:CEDC) is one of today's best performing low-priced stocks, up 5.2% to $1.66 on 1.1x average daily volume. Thus far today, Central European Distribution has traded 904,000 shares, vs. average volume of 828,000 shares per day. The stock has outperformed the Dow (5.2% to the Dow's -0.2%) and outperformed the S&P 500 (5.2% to the S&P's -0.1%) during today's trading. In the past 52 weeks, Central European Distribution share prices have been bracketed by a low of $1.46 and a high of $6.38 and are now at $1.66, 14% above that low price. The 200-day and 50-day moving averages have moved 2.31% lower and 0.85% lower over the past week, respectively. 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. Potential upside of 33.3% exists for Central European Distribution, based on a current level of $1.66 and analysts' average consensus price target of $2.21. The stock should run into initial resistance at its 50-day moving average (MA) of $1.89 and subsequent resistance at its 200-day MA of $2.80. SmarTrend recommended that its subscribers protect gains by selling shares of Central European Distribution on January 17th, 2013 by issuing a Downtrend alert when the shares were trading at $1.80. Since that call, shares of Central European Distribution have fallen 12.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 |