PEP is one of the name releasing earnings today. During after-hours the stock consolidated above 121.88 level (13 periods eMA) with more then 800k shares and would be nice to see price action getting above 124 to let presume a consolidated move above all time high marked on April the 15th. Another possible scenario would be a consolidation in pre-market below 121.88 presuming a move down to 118.46 eMA 50 periods