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Bullish Moving Average Cross by PepsiCo (PEP)

By Shiri Gupta

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

Ticker(s): PEP