PepsiCo (PEP) NewsBite - PEP Is On the Move
Posted: Thursday, February 04, 2010 10:42 AM EDT
PepsiCo (PEP) appears to be on the move today and is now at $60.53, down $0.76 (-1.24%) on volume of 817,827 shares traded. Over the last 52 weeks the stock has ranged from a low of $45.39 to a high of $64.48. PEP was covered in a was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la020410 . PepsiCo stock has been showing support around $60.24 and resistance in the $61.92 range. Technical indicators for the stock are neutral and S&P gives PEP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PEP the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 67.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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