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After Yesterday's Decline of 2.43%, Pepsico Inc Offers Investors Better Value

By Nick Russo

Pepsico Inc (NASDAQ:PEP) traded in a range yesterday that spanned from a low of $114.39 to a high of $117.38. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $117.47 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Pepsico Inc on October 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.07. Since that recommendation, shares of Pepsico Inc have risen 7.0%. We continue to monitor PEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Pepsico Inc has traded in a range of $95.94 to $122.51 and is now at $114.94, 20% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.29% higher over the past week, respectively.

Keywords: rebounders pepsico inc

Ticker(s): PEP