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Update: Bullish Option Activity: ONNN

ON Semiconductor's shares have broken above their short term resistance level of $8.12 today and are approaching their highest price level in more than three months.

Bullish Option Activity Alert: PEP

PepsiCo, Inc. (PEP) shares are trading at their highest level in more than three months today and early option activity suggests some investors are looking for this recent uptrend in the stock to continue during the remainder of 2011.

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