For today's chart we've chosen to take a look at Pepsico Inc (NYSE:PEP) because it bounced off the support of an ascending trendline. Given the recent volatility in the markets, we don't see the brief move below the trendline as a major concern. It is important to note that this stock has held up relatively well, which is why we'll maintain our bullish outlook until the bears send the price below the January low of $66.30.
We've also added the Parabolic SAR and MACD indicators because they have recently triggered technical buy signs. We expect that this stock could bounce higher and that it will be a favorite amongst many traders when the markets are able to stabilize.