Company Description: Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, and mixers. The company offers its CSD products primarily under the Dr Pepper, Sunkist soda, 7UP, A&W, Canada Dry, Crush, Schweppes, Squirt, RC Cola, Diet Rite, Sundrop, Welch’s, Vernors, Country Time, IBC, Mistic, and Venom Energy brand names; and NCB products principally under the Snapple, Mott’s, Hawaiian Punch, Clamato, Yoo-Hoo, Country Time, Nantucket Nectars, ReaLemon, Mr and Mrs T, Rose’s, and Margaritaville brand names. Dr Pepper Snapple Group sells its products to bottlers and distributors, retailers, and foodservice and convenience store customers. The company was incorporated in 2007 and is based in Plano, Texas. Dr Pepper Snapple Group, Inc. operates independently of Cadbury plc as of May 7, 2008.

Our Analysis: The shares of Dr. Pepper Snapple Group, Inc. 'DPS' have been moving higher on heavy trading volume since the start of May. Yesterday they set a new yearly closing high on heavier than normal trading volume. In the process they effectively completed a cup pattern with a measured move to our stated price target of $40.87/share. I see support/resistance at 36.80/share, and have set my stops accordingly @ $36.37/share.