Rectangle/Earnings 10-12 BMOPEP has been trading inside this channel since December of 2021.
Obviously it can be a long term pattern and is neutral until a trendline is broken.
As a rule, one would go long with a break of the top trendline and a confirmed uptrend and enter short if the bottom trendline was broken.
Some would trade inside this channel and buy at the bottom and sell at the top or short at the top and cover that short at the bottom.
Rectangles eventually break just like everything else (except the microwave I have had for 25 years)
No recommendation.
PEP has a reputation of a stock that lacks volatility as a rule and is considered a defensive play by the talking heads I hear on TV.
EPS (FWD)
6.69
PE (FWD)
25.20
***Div Rate (FWD)
$4.60
Yield (FWD)
2.73%
Short Interest
0.85%
Market Cap
$229.08B
The dividend will help PEP if it can stay afloat and only time will tell if it will hit the ice burg with the rest of the fleet as we keep cruising forward.
I have often wondered why folks hang on to dividends if a stock tanks? I mean like how many dollars a share does a stock need to go down before the dividend is null and void?
I will have to fetch my calculator for that one. (o:
