PepsiCo Crosses Below its 10-day MA (PEP)
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