user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 449207 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Shares of PepsiCo (PEP) to Approach Support at $74.69

Published on Wed, 02/27/2013 - 10:39
By Peter Chu

Shares of PepsiCo (NYSE:PEP) have bearishly opened below the pivot of $75.46 today and have reached the first support level of $75.16. Investors may be interested in a cross of the next downside pivot targets of $74.69 and $73.92.

In the past 52 weeks, shares of PepsiCo have traded between a low of $62.15 and a high of $76.33 and are now at $74.92, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

PepsiCo (NYSE:PEP) has potential upside of 5.7% based on a current price of $74.92 and analysts' consensus price target of $79.21. The stock should discover initial support at its 50-day moving average (MA) of $71.68 and subsequent support at its 200-day MA of $70.50.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Walter Energy Fall to a New 52...

Shares of Walter Energy (NYSE:WLT) traded today at $2.01, breaking its 52-week low. So ...

Shares of Westamerica Bancorporation Fal...

Shares of Westamerica Bancorporation (NASDAQ:WABC) traded today at $46.39, breaking its ...

Shares of Vertex Pharmaceuticals Have Ri...

Vertex Pharmaceuticals (NASDAQ:VRTX) traded at a new 52-week high today of $116.88. So ...

Shares of Volcano Fall Below Previous 52...

Volcano (NASDAQ:VOLC) traded at a new 52-week low today of $10.70. Approximately 872,0 ...

Meridian Bioscience: New 52-Week Low Set...

Meridian Bioscience (NASDAQ:VIVO) traded today at a new 52-week low of $17.60. This ne ...

Vimpel-Communications: New 52-Week Low S...

Vimpel-Communications (NYSE:VIP) traded today at a new 52-week low of $7.27. So far to ...

Shares of Vale Fall to a New 52-Week Low...

Vale (NASDAQ:VALE) traded today at a new 52-week low of $10.75. So far today approxima ...

Titan International: The Losing Streak C...

Titan International (NYSE:TWI) traded at a new 52-week low today of $12.58. So far tod ...