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Bullish Moving Average Cross by Yum! Brands (YUM)

By James Quinn

Yum! Brands (NYSE:YUM) shares have crossed bullishly above their 10-day moving average of $80.60 on a volume of 319K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Yum! Brands have traded between a low of $64.58 and a high of $95.90 and are now at $81.35, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.93% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Yum! Brands on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.75. Since that recommendation, shares of Yum! Brands have risen 7.0%. 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

Ticker(s): YUM