Technical Briefing on Coca-Cola Enterprises, Molson Coors Brewing, Anheuser-Busch InBev, and Diageo
LONDON, March 22, 2013 /PRNewswire/ --
Soft drink companies such as Coca-Cola Enterprises Inc. (NYSE: CCE) have been focusing on healthier drinks in the developed world. Meanwhile, emerging markets are expected to be key growth drivers for soft drink companies as well as brewers such as Molson Coors Brewing Company (NYSE: TAP), and Anheuser-Busch InBev NV (NYSE: BUD). Rising income levels in emerging markets has also boosted demand for wines and other premium alcoholic drinks, which should benefit companies such as Diageo Plc (NYSE: DEO). Beverage stocks ended mostly lower in Thursday's trading session as the broad market came under pressure due to mounting concerns over Cyprus's bailout. StockCall has posted free technical research reports on CCE, TAP, BUD, and DEO and these can be accessed by signing up at
Shares of Coca-Cola Enterprises Inc. edged lower on Thursday; however, the losses were limited. The stock closed 0.59% lower at $36.88 even as it touched a 52-week high of $37.26 earlier in the day. Despite the pullback on Thursday, the soft drink company's shares have gained more than 1.60% in the last three trading sessions. The stock has outperformed the broad market in 2013 so far, gaining nearly 17%. It has seen a series of highs in the last few sessions, which is a bullish signal. The stock's MACD has also crossed above the signal line, which further confirms the positive trend. Download the free report on CCE upon registration at
Shares of Molson Coors Brewing Company slipped in trading on Thursday, reversing some of the gains from earlier in the week. The stock ended the day 0.72% lower at $48.56 after touching an intra-day low of $48.46. Despite the pullback, Molson Coors' shares have gained nearly 1.20% in the last three trading sessions. The brewing company's shares have been facing stiff resistance at around $49. The stock is currently trading well above its 50-day and 200-day moving averages. Shares of TAP have outperformed the S&P 500 this year, gaining more than 14%. TAP technical report can be accessed for free by signing up at
Another brewer that slipped on Thursday was Anheuser-Busch InBev NV. Shares of the brewer fell 0.48% to finish the day at $95.67. The stock fell to an intra-day low of $95.10. Despite the decline yesterday, the company's shares are marginally higher for the week. The stock has outperformed the S&P 500 in 2013, gaining nearly 9.50%. Shares of BUD are currently trading well above their 50-day and 200-day moving averages. However, the stock's MACD has recently crossed below the signal line, which suggests that market sentiment has turned bearish on the stock. Free report on BUD can be accessed by registering at
Diageo Plc shares also struggled in trading on Thursday as the broad market remained under pressure. The stock ended the day 0.60% lower at $122.06 after touching an intra-day low of $121.58. Diageo's shares have gained more than 5.70% in 2013 so far, underperforming the broad market. The stock recently broke through $122 resistance level, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Register with StockCall and download the research on DEO for free at
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