After Plunging -8.71% in 4 Weeks, Here's Why the Trend Might Reverse for PepsiCo (PEP)

PepsiCo (PEP) has been beaten down lately with too much selling pressure. While the stock has lost 8.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. quest for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momen ...