American Stocks Analysis
Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Pepsico attacks pivotal resistance - Analysis - 15-08-2022
Economies.com
2022-08-15 11:53AM UTC
Pepsico's stock (PEP) rose in the intraday levels and tackled the pivotal resistance of 177.25, marking a profit of 1.31%, or 2.29 points, and settling at 177.33, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 183.85, provided the resistance of 177.25 was breached.
Expected trend for today: Bullish
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