PepsiCo: Expected To Rise Towards Its Resistance Level At Around $175

Today’s instrument is the PepsiCo Inc. stock traded on the Nasdaq exchange under the ticker PEP. 

If we look at the PEP’s chart, we can see that it is traded at around $170.50. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around $175 otherwise it should fall towards its support level at around $160-162.50.

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