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JimVanMeerten (62.66)

Pepsico fizzles out

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October 12, 2011 – Comments (0) | RELATED TICKERS: PEP

COMPLETE ARTICLE AND MORE GRAPHS

Pepsico (PEP) has been having some issues recently but might recover soon.  Commodity prices have given them challenges.  I'm not just talking about sugar, flour and corn, I'm talking aluminium and plastics for packaging and oil based fuels for transportation costs.  The company always has good earnings but the costs of commodities determines how much.  The stock has been down recently as this 6 month price chart provided by Barchart shows:

Barchart technical indicators:

1 - 72% Barchart technical sell signal

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving averages

4 - Down 13.86% from its 1 year high

5 - Relative Strength Index 46.82% and getting slightly stronger

6 - Barchart computes a technical support level at 59.80

7 - Recently traded at 61.00 with a 50 day moving average of 62.05

Summary:  Pepsico (PEP) should be considered as a long term conservative holding and those already holding should keeping  it.  Aggressive and growth investors and those wanting to make new positions might look at the other stocks mentioned if your willing to take a little more risks.

Jim Van Meerten is a Marketocracy Master

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