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Benzinga
Benzinga
Business
Mark Putrino

Stock Of The Day: PepsiCo's Former Floor Becomes Ceiling—Sellers Lining Up

Pepsi

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded lower Friday after Thursday's gain of almost 7.5%. The move higher was driven by an earnings surprise. Second-quarter earnings came in at $2.12, which was above the estimated $2.02.

But PepsiCo is overbought and at a resistance level. This means there is a chance it heads lower. This is why it's our Stock of the Day.

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