• Return to Headlines

Bullish Moving Average Cross by Pepsico Inc (PEP)

By Amy Schwartz

Today, shares of Pepsico Inc (NASDAQ:PEP) have crossed bullishly above their 10-day moving average of $97.38 on a volume of 721K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Pepsico Inc share prices have been bracketed by a low of $95.94 and a high of $122.51 and are now at $97.74, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Pepsico Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $117.04. Since that call, shares of Pepsico Inc have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pepsico inc

Ticker(s): PEP