PepsiCo: the decline slows, sellers still lead
PepsiCo nearly flat (-0.2%): the decline slows, but the 135 double bottom holds
PepsiCo: the decline slows, sellers still lead
Our view last week
After last week's 2% bounce, PepsiCo shares gave back 4.7% this week: a sharp reversal, with sellers making up 81% of volume and the RSI down to 37.8. On the daily chart, though, a double bottom in the 135 area is holding, with an 11% rebound. The Sell signal has been under management for 17 weeks, the short up 8.4%; the July 9 earnings report is now behind it.
This week's summary
PepsiCo's Sell signal has been under management for 17 weeks, with the short now up 8.6%. After last week's sharp 4.7% drop, the stock has essentially stalled this week, down just 0.2%, while sellers still dominate volume (66%) but with less force than before. On the daily chart the double bottom in the 135 area is holding, with an 11% rebound intact: the decline is slowing, not reversing.
IQS Phase
80
in tension / maturity
Signal Strength
46
isolated weekly drop
Sizing
REDUCED
Ranking
#69 / 140
US stocks
Trade P&L %
+8.61%
from signal to today
restricted Platinum content