DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Tuesday, April 15, 2008
PepsiCo Inc ( NYSE:PEP) Ascending Triangle
Over the last three months PepsiCo Inc ( NYSE:PEP) has created an series of higher highs that looks to be an ascending triangle. For this reversal pattern to be valid, PEP will have to break 72.50 on heavy upside volume. Based on the measured move, if a break occurs, it should signal a rally in PEP that should carry it to 78.00.Happy Trading
Keith Greff Jr
Trade Analyst
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