PepsiCo Bearish Moving Average Crossover Alert (PEP)
PepsiCo (NYSE:PEP) crossed under its 10-day moving average of $108.44 on a volume of 564K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $108.25, which is 42% 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 recommended that subscribers consider buying shares of PepsiCo on March 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.46. Since that recommendation, shares of PepsiCo have risen 7.2%. We continue to monitor PEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses PepsiCo