Beverage Stocks Drop, Know This Institutional Buy Level

Today, two of the leading soft drink companies Dr Pepper Snapple Group Inc.(NYSE:DPS) and PepsiCo Inc.(NYSE:PEP) are declining sharply lower after reporting earnings. Dr Pepper Snapple Group Inc.(NYSE:DPS) is the bigger loser on the session falling by nearly 5.0 percent on the session. PepsiCo stock is down just 0.81 percent at this time.

Traders and investors that are looking to buy Dr Pepper Snapple Group Inc.(NYSE:DPS) stock must now be patient. When a stock declines this sharply from its recent high there is usually more downside over the next few weeks. One level that looks very attractive for Dr Pepper Snapple Group Inc.(NYSE:DPS) stock is the $87.00 area. This looks to be a level where the institutional money has defended the stock in the past and it will likely do it again should DPS stock fall to that support area.

 

Nicholas Santiago

InTheMoneyStocks

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