• Return to Headlines

PepsiCo Crosses Below its 10-day MA (PEP)

By Nick Russo

Today, shares of PepsiCo (NYSE:PEP) have crossed bearishly below their 10-day moving average of $116.87 on a volume of 443K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

PepsiCo share prices have moved between a 52-week high of $118.12 and a 52-week low of $76.48 and are now trading 53% above that low price at $116.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of PepsiCo on January 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.87. Since that recommendation, shares of PepsiCo have risen 11.9%. We continue to monitor PEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses PepsiCo

Ticker(s): PEP