When Pepsico (PEP) Moves Investors should Listen

July 28, 2021, 17:45 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Pepsico (NYSE: PEP) report below is a real world example. Included are trading plans for PEP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for PEP

• Buy PEP slightly over 151.17 target n/a stop loss @ 150.73. Details

The technical summary data tells us to buy PEP near 151.17, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 150.73 to protect against excessive loss in case the stock begins to move against the trade. 151.17 is the first level of support below 156.75, and by rule, any test of support is a buy signal. In this case, if support 151.17 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for PEP

• Buy PEP slightly over 159.83, target n/a, Stop Loss @ 159.37 Details

If 159.83 begins to break higher, the technical summary data tells us to buy PEP just slightly over 159.83, with an upside target of n/a. The data also tells us to set a stop loss @ 159.37 in case the stock turns against the trade. 159.83 is the first level of resistance above 156.75, and by rule, any break above resistance is a buy signal. In this case, 159.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PEP near 159.83, target 156.63, Stop Loss @ 160.29. Details

The technical summary data is suggesting a short of PEP if it tests 159.83 with a downside target of 156.63. We should have a stop loss in place at 160.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 159.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PEP

• Buy PEP slightly over 158.33, target 159.83, Stop Loss @ 157.96 Details

If 158.33 begins to break higher, the technical summary data tells us to buy PEP just slightly over 158.33, with an upside target of 159.83. The data also tells us to set a stop loss @ 157.96 in case the stock turns against the trade. 158.33 is the first level of resistance above 156.75, and by rule, any break above resistance is a buy signal. In this case, 158.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PEP near 158.33, target 156.63, Stop Loss @ 158.7. Details

The technical summary data is suggesting a short of PEP if it tests 158.33 with a downside target of 156.63. We should have a stop loss in place at 158.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 158.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

PEP Ratings for July 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	139.54
P2	156.41	156.63	145.60
P3	158.33	159.83	151.17

Support and Resistance Plot Chart for PEP

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