Bullish Moving Average Cross by PepsiCo (PEP)
Today, shares of PepsiCo (NYSE:PEP) have crossed bullishly above their 10-day moving average of $106.27 on a volume of 801K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of PepsiCo have traded between a low of $76.48 and a high of $110.94 and are now at $106.74, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for PepsiCo and will alert subscribers who have PEP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses PepsiCo