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Watch for Shares of Pepsico Inc (PEP) to Approach Resistance at $113.66

By James Quinn

Shares of Pepsico Inc (NASDAQ:PEP) have bullishly opened above the pivot of $112.64 today and have reached the first resistance level of $113.20. Should the shares continue to rise, the resistance pivots of $113.66 and $114.68 will be of interest.

Pepsico Inc (NASDAQ:PEP) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $124.80. Pepsico Inc shares should first meet resistance at the 200-day moving average (MA) of $98.71 and find additional resistance at the 50-day MA of $101.96.

In the past 52 weeks, shares of Pepsico Inc have traded between the 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 3.7%. 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