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Watch for Pepsico Inc to Potentially Pullback After Gaining 1.74% Yesterday

Mar 08, 2018 (SmarTrend(R) News Watch via COMTEX) --

Pepsico Inc (NASDAQ:PEP) traded in a range yesterday that spanned from a low of $109.58 to a high of $111.95. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $110.06 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Pepsico Inc have traded between a low of $98.50 and a high of $122.51 and are now at $111.74, which is 13% 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%.

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.

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