PepsiCo Inc. NYSE:PEP has recorded second quarter profits of $15.395 billion, ahead of the average analyst estimate of $15.37 billion. One of the spin offs of this is that the company’s stock prices have been moving in the right direction, reaching an all-time high of $109 per share on the NYSE on the evening of June 6, 2016. Earnings per share ended at $1.35,...
Took a multiple lane set-up with compression on the bollinger bands. Used the 5ma as the trailing stop.
Short entry early in the day. Long entry mid-day.