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Look for Shares of Pepsico Inc to Potentially Rebound after Yesterday's 1.27% Sell Off

By Nick Russo

Pepsico Inc (NASDAQ:PEP) traded in a range yesterday that spanned from a low of $107.98 to a high of $109.03. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $108.27 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Pepsico Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $117.04. Since that call, shares of Pepsico Inc have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Pepsico Inc share prices have been bracketed by a low of $98.50 and a high of $122.51 and are now at $108.63, 10% 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%.

Keywords: rebounders pepsico inc

Ticker(s): PEP