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Pepsico Inc (PEP) Breaks Through Resistance at $109.64

By David Diaz

Shares of Pepsico Inc (NASDAQ:PEP) have bullishly opened above the pivot of $109.08 today and have reached the first resistance level of $109.64. Analysts will be watching for a cross of the next upside pivot targets of $110.02 and $110.96.

Pepsico Inc has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $124.80. The stock should find initial resistance at its 200-day moving average (MA) of $98.71 and further resistance at its 50-day MA of $101.96.

In the past 52 weeks, Pepsico Inc share prices have been bracketed by a current low of $0.00 and a high of $122.51 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts pepsico inc

Ticker(s): PEP