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Bearish Moving Average Cross by Yum! Brands (YUM)

By Nick Russo

Yum! Brands (NYSE:YUM) crossed under its 10-day moving average of $64.00 on a volume of 361K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Yum! Brands have traded between a low of $59.57 and a high of $95.90 and are now at $63.80, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Yum! Brands on October 26th, 2016 by issuing a Downtrend alert when the shares were trading at $85.56. Since that call, shares of Yum! Brands have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Yum! Brands

Ticker(s): YUM