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

By David Diaz

Yum! Brands Inc (NYSE:YUM) traded at a new 52-week high today of $111.19. Approximately 83,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

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 21.1% above its average consensus analyst price target of $87.56. The stock should discover initial support at its 50-day moving average (MA) of $103.99 and subsequent support at its 200-day MA of $95.11.

Over the past year, Yum! Brands Inc has traded in a range of $77.09 to $111.19 and is now at $111.03, 44% above that low. The 200-day and 50-day moving averages have moved 0.37% higher and 0.60% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Yum! Brands Inc on June 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.88. Since that recommendation, shares of Yum! Brands Inc have risen 4.5%. 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