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Pepsico Inc (PEP) Breaks Through Resistance at $105.08

By Amy Schwartz

Pepsico Inc (NASDAQ:PEP) has opened bullishly above the pivot of $103.95 today and has reached the first level of resistance at $105.08. Should the shares continue to rise, the resistance pivots of $105.68 and $107.41 will be of interest.

Potential upside of 12.5% exists for Pepsico Inc, based on a current level of $104.49 and analysts' average consensus price target of $117.58. The stock should hit resistance at its 200-day moving average (MA) of $111.11, as well as support at its 50-day MA of $102.32.

In the past 52 weeks, shares of Pepsico Inc have traded between a low of $95.94 and a high of $122.51 and are now at $104.49, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Pepsico Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pepsico Inc in search of a potential trend change.

Keywords: pivot alerts pepsico inc

Ticker(s): PEP