PEP - BULLISH SCENARIOPepsiCo reported revenues of $28 billion in the last reported quarter, representing a year-over-year change of +10.9%. EPS of $1.67 for the same period compares with $1.53 a year ago.
The strength centered on the Frito-Lay North America business grew by 25%.
The uptrend remains strong, and the price is heading to the upper part of the channel, the $ 195 resistance level
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Pepsico
PEP PepsiCo Options Ahead Of EarningsIf you haven`t bought PEP after my last call:
Then you should know that looking at the PEP PepsiCo options chain ahead of earnings , I would buy the $165 strike price Puts with
2023-2-17 expiration date for about
$1.83 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$PEP: Short, mid and long term potential...If $PEP crosses over $182.85 tomorrow, a short term signal will trigger which can cause a mid term signal to trigger which in turn could cause a long term signal to trigger catapulting the stock higher for many weeks if it holds up over the stop area in the coming 20 days.
Best of luck,
Ivan Labrie.
$PEP Pepsi: RSI Suggests We Go to ATHPepsi has key earnings this week which should receive a nice tailwind from it's RSI setup. The 100 session RSI on large timeframes indicate the stock is highly oversold relative to usual times. Historically, such levels on the RSI produce a 15% rally in the following three months. furthermore we are trading at the bottom of a channel, giving me further confidence in a long to retest the highs of the channel.
yellow dotted lines: Key volume support
white dotted lines: Key technical support
blue lines: channel
Pro Traders Take Profits on EarningsWhat happened today on the earnings announcement by PEP? Pro traders took profits against the retail crowd's buying on the news headlines that suggested an earnings "beat" for Q2. The retail buying causes the gap up at open, which is a prime cue to take profits on swing trades.
This was what we call a pre-earnings run. The earnings results don't matter as much as the technical setup a few weeks ahead of the earnings release. Swing trades were initiated at the reversal from the support at 155, confirmed by price and volume patterns at that time.
Now, with resistance overhead, where the initial target for this earnings play was, and the retail crowd causing a gap up at open on the earnings announcement, this is where professional short-term traders close long positions. This should not be construed as a good opportunity to short swing-style, however. It is an example of the execution of a long swing-style earnings strategy.
This is an example of TechniTrader's Relational Technical Analysis techniques for planning better trades.
PEPSICO - LONG TERM BULLISH SCENARIOThe food and beverage giant has had a good year so far. Raising sales forecast, better-than-expected first-quarter results and increased dividend helped PepsiCo to outperform the S&P 500.
Although the good results some of the top analysts on Wall Street have mixed expectations for the company ahead of the earnings report today.
The estimated earnings per share are $1.74 on revenue of $19.51 billion.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PepsiCo : one method to swing tradeif the crossover TSI shadow happens under the EMA ribbon (100 EMA and 200 EMA), I either just leave it alone and move on to the next stock OR I wait if price close above the ribbon AND the daily pivot is missed (and not too far away from the ribbon).
Look at the charts, its self explanatory