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Watch for Pepsico Inc to Potentially Pullback After Gaining 1.36% Yesterday

By David Diaz

Pepsico Inc (NASDAQ:PEP) traded in a range yesterday that spanned from a low of $136.80 to a high of $137.45. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $136.59 on volume of 954,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pepsico Inc has traded in a range of $106.73 to $140.45 and is now at $138.24, 30% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 0.04% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Pepsico Inc and will alert subscribers who have PEP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pepsico inc

Ticker(s): PEP