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Bullish Moving Average Cross by Yum! Brands Inc (YUM)

By Amy Schwartz

Yum! Brands Inc (NYSE:YUM) shares have crossed bullishly above their 10-day moving average of $100.82 on a volume of 104K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Yum! Brands Inc has traded in a range of $77.09 to $104.47 and is now at $101.23, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Yum! Brands Inc on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.76. Since that recommendation, shares of Yum! Brands Inc have risen 8.5%. We continue to monitor YUM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses yum! brands inc

Ticker(s): YUM