Stock Of The Day: PepsiCo's Former Floor Becomes Ceiling—Sellers Lining Up
1. PEP shares fell after a prior gain of 7.5%. 2. Second-quarter earnings exceeded estimates at $2.12 versus $2.02. 3. PEP is overbought and at a critical resistance level. 4. $144.50 is a key price level, now acting as resistance. 5. Overbought conditions suggest potential downward price movement.