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Beverage Stocks Drop: Levels To Watch

Published 04/26/2017, 11:50 AM
Updated 05/14/2017, 06:45 AM

Two of the leading soft drink companies — DPS and PEP — are declining sharply after reporting earnings. Dr Pepper Snapple Group is the bigger loser, falling nearly 5% mid-day Wednesday while PepsiCo's stock was down just 0.81%

Traders looking to buy DPS must now be patient. When a stock declines this sharply from its recent high, there's usually more downside over the next few weeks. One level that looks very attractive for Dr Pepper Snapple is the $87 area, which looks like a level where the institutional money has defended the stock in the past and will likely do so again — if DPS falls to the support area.

Dr Pepper Snapple Group

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