The Dr. Pepper/Snapple (DPS) chart has looked great all year. Recent volume trends have been strong, which signals institutional sponsorship. The uptrend line is intact, and every pullback has provided a great buying chance (see the %R below).
As for relative strength, the trends have been solid with good price action and a “buy the dip” mentality. The MACD recently flashed a buy signal as the stock stretched out, but it may come down a bit to the 10 ma before making its next move higher.
Finally, there was a huge buyer in the Nov 70 calls last week, which was quite notable – over 10K of that strike was purchased outright. That trade has time on its side, and the stock may well hit the mark before expiration – if the chart patterns continue to hold up.
