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Yum! Brands Inc: 52-Week High Recently Eclipsed (YUM)

By James Quinn

Shares of Yum! Brands Inc (NYSE:YUM) traded today at $99.44, breaking its 52-week high. So far today approximately 424,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

Yum! Brands Inc (NYSE:YUM) is currently priced 11.9% above its average consensus analyst price target of $87.56. The stock should discover initial support at its 50-day moving average (MA) of $93.68 and subsequent support at its 200-day MA of $87.65.

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 share prices have moved between a 52-week high of $99.44 and a 52-week low of $77.09 and are now trading 29% above that low price at $99.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

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 6.7%. We continue to monitor YUM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows yum! brands inc

Ticker(s): YUM