PepsiCo’s Rising Potential: A Tale of Bullish Momentum and Golden Opportunities PepsiCo’s Rising Potential: A Tale of Bullish Momentum and Golden Opportunities

Written By Michael Gary Scott

PepsiCo Inc. PEP is shaking up the stock market with a recent emergence of a bullish technical pattern known as a Golden Cross.

Golden Cross Signals Bullish Momentum: This occurs when the stock’s 50-day moving average surpasses its 200-day moving average, indicating potential upward momentum.


Chart created using Benzinga Pro

Pepsi’s stock currently trades at $178.52, comfortably above both its 50-day and 200-day simple moving averages of $170.43 and $170.21, respectively, making this a classic bullish indicator.

While PepsiCo’s stock performance has lagged behind the broader S&P 500, with a 2.77% rise over the past year and a 3.51% year-to-date gain compared to the S&P 500’s 15.9% YTD climb, the Golden Cross suggests potential for a stronger rally ahead. The stock also stands 3.2% below its 52-week high of $183.41 from May, presenting investors with a promising entry point.

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PepsiCo: A Dividend King’s Resilience In Uncertain Times

Despite recent volatility, with PepsiCo trading below its 50-day moving average since mid-July, the Golden Cross symbolizes a potential shift in sentiment.

Investors eyeing a position in a dependable “Dividend King” like PepsiCo should pay heed to the stock’s technical fortitude.

With a market cap of $245.16 billion and a portfolio boasting globally recognized brands such as Pepsi, Lay’s, and Gatorade, PepsiCo offers stability amidst market turmoil, accompanied by a robust 3.04% dividend yield that has grown for 52 consecutive years.

In today’s uncertain economic climate, PepsiCo’s dividend track record renders it especially appealing to long-term investors.

Though competitor Coca-Cola Co KO has outperformed PepsiCo year-to-date, PepsiCo’s recent bullish signals suggest it warrants close monitoring.

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Positioned in correction territory with technical indicators pointing to bullish momentum, now appears to be an opportune moment to take notice of this industry leader.

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