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PepsiCo Crosses Below its 10-day MA (PEP)

By David Diaz

PepsiCo (NYSE:PEP) shares have crossed bearishly below their 10-day moving average of $102.64 on a volume of 765K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, PepsiCo share prices have been bracketed by a low of $76.48 and a high of $106.94 and are now at $101.91, 33% above that low price. Over the past week, 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