Keurig Dr. Pepper (NYSE:KDP) fell by more than 6% Friday after reporting earnings. The stock cut below its important 50- and 100-day moving averages, putting it in a weak technical position on the charts. Traders and investors should note the next major support level for KDP is around $22 – that's where the stock was defended in October 2018. Often, stocks find excellent support when they retest an important pivot from the past. I will be watching KDP for a long-side trade when price gets down to this level.