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Yum! Brands Crosses Above its 10-day MA (YUM)

By Shiri Gupta

Today, shares of Yum! Brands (NYSE:YUM) have advanced above their 10-day MA of $88.88 on a volume of 402K 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 $89.48, which is 39% 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 18.3%. 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