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Dr Pepper Snapple: 52-Week High Recently Eclipsed (DPS)

By Nick Russo

Shares of Dr Pepper Snapple (NYSE:DPS) traded at a new 52-week high today of $98.89. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Dr Pepper Snapple Group, Inc. is an integrated brand owner, bottler and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company offers flavored carbonated and non-carbonated soft drinks, teas, juices, juice drinks and mixers.

Dr Pepper Snapple (NYSE:DPS) is currently priced 2.3% above its average consensus analyst price target of $96.53. The stock should find initial support at its 50-day moving average (MA) of $90.44 and further support at its 200-day MA of $87.14.

Over the past year, Dr Pepper Snapple has traded in a range of $72.00 to $98.89 and is now at $98.81, 37% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Dr Pepper Snapple on November 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.14. Since that recommendation, shares of Dr Pepper Snapple have risen 11.4%. We continue to monitor DPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Dr Pepper Snapple

Ticker(s): DPS