Pepsi Shares are Overbought - A Sell Sign

 |  About: PepsiCo Inc. (PEP)
by: TickerSense

Pepsi (NYSE:PEP) is currently trading 2.92% above the top of its trading range. In the last year and a half, the stock has been more overbought 4 times.

Below we list the short-term price reactions when the stock has been this overbought. As shown, there is a negative bias on the day and week following times when the stock has reached these price levels.

We are also noticing some block selling in the money flows on the stock (as shown below). For more info on money flows you can click here.