Stock of the Day: PepsiCo – How To Profit From Market Memory

Loading... "Markets have memories" is an old Wall Street expression — and it's true. It means an important price level can retain its importance for a long time. As you can see on the chart, this is the case with the $162.00 level for PepsiCo Inc PEP. It had support in March and June. Now the shares are testing this level again. Sometimes stocks rally after they fall to a support level. It happened with PepsiCo these last two times and it may be about to happen once more. That's why our team of trading expe ...