The PepsiCo share is coming back to a technical support zone comprising the lower bound of the trading range. This provides a good timing to go long on the stock. Investors have an opportunity to buy the stock and target the $ 140.
The company has solid fundamentals for a short-term investment strategy.
Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 122.52 USD
The firm trades with high earnings multiples: 25.49 times its 2019 earnings per share.
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