Thursday, October 16, 2014

Thursday's Finalist: PEP

The New York soft drink and food giant PepsiCo Inc. (PEP) was the lone survivor from the early round of analysis as a potential bear play, having broken below its 20-day price channel in Wednesday's session. It confirmed the signal in early trading today, dropping further below the channel.

I'll post a full analysis of PEP prior to the closing bell.

Earlier, I posted an analysis of GE and AMD as potential volatility plays keyed to their earnings announcements but rejected both. See "GE: Volatility play".

-- Tim Bovee, Portland, Oregon, Oct. 16, 2014


My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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