PepsiCo, Inc. (PEP) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. PEP has been trading below the 200-day simple moving average (SMA) for quite some time now, which suggests a bearish trend. Closing at $149.94, PEP remains below its 200-day SMAs of$159.46, indicating a possible sustained downward trend. Image Source: Zacks Investment Research PepsiCo has shown a lackluster performance, with its shares plummeting 12.5% over the past year against th ...