When we looked at PEP last week , we wrote that "There are no guarantees in trading or investing, and technical analysis (and any analysis) is not 100% right, but PEP looks like it can hold current levels ($130)."
Let's check out the latest charts and indicators of PEP.
In the daily bar chart of PEP, below, we can see that the shares did in fact hold the $130 area and rallied strongly Monday and Tuesday, so far. Prices are above the 50-day moving average line and the 200-day moving average line.
The daily On-Balance-Volume (OBV) has turned upward along with the Moving Average Convergence Divergence (MACD) oscillator.