PepsiCo's Golden Opportunity: Soda Giant Lags S&P 500, But Shows Bullish Momentum
PEPPepsiCo(PEP) Benzinga·2024-09-06 01:25

PepsiCo Inc. PEP is making waves in the stock market as its shares recently formed a bullish technical pattern known as a Golden Cross.Golden Cross Signals Bullish Momentum: This is when the stock’s 50-day moving average crosses above its 200-day moving average, signaling potential upward momentum. Chart created using Benzinga ProPepsi's stock is trading at 178.52,comfortablyabovebothits50dayand200daysimplemovingaveragesof178.52, comfortably above both its 50-day and 200-day simple moving averages of 170.43 and $170.21, respectively, making this a textbook bullish indic ...