PepsiCoMeanwhile, $96 billion food giant PepsiCo (PEP - Get Report) is forming a solid if/then trade. An if/then trade is another name for a sideways consolidation -- it's a trade whose direction is contingent on which way shares break out of the channel. For Pepsi, resistance is currently $64.75, and support is at $60. That's a relatively wide channel, but its breakout implications are equally big as a result.
5 Trades to Profit From the Selloff
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