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Possible Bearish Inside Day Candle Pattern Detected for Yum! Brands Inc (NYSE:YUM)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Yum! Brands Inc (NYSE:YUM) based on the price action in the company's shares. Yesterday's price range of $100.68 and $101.22 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Yum! Brands Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises, and licenses a worldwide system of restaurants which prepare, package, and sell a menu of food items.

Yum! Brands Inc (NYSE:YUM) is currently priced 13.0% above its average consensus analyst price target of $87.56. The stock should hit resistance at its 50-day moving average (MA) of $100.79, as well as support at its 200-day MA of $92.42.

In the past 52 weeks, Yum! Brands Inc share prices have been bracketed by a low of $77.09 and a high of $104.47 and closed yesterday at $100.69, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Yum! Brands Inc and will alert subscribers who have YUM in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle yum! brands inc

Ticker(s): YUM