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Yum! Brands Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Yum! Brands Inc (NYSE:YUM) traded at a new 52-week high today of $89.00. So far today approximately 142,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Yum! Brands Inc share prices have moved between a 52-week high of $89.00 and a 52-week low of $72.61 and are now trading 22% above that low price at $88.76 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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) defies analysts with a current price ($88.76) 1.3% above its average consensus price target of $87.56. The stock should discover initial support at its 200-day moving average (MA) of $82.52 and subsequent support at its 50-day MA of $82.18.

SmarTrend recommended that subscribers consider buying shares of Yum! Brands Inc on August 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.60. Since that recommendation, shares of Yum! Brands Inc have risen 6.9%. 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