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After Yesterday's Rally of 1.68% Shares Could Potentially Pullback

By Amy Schwartz

Yum! Brands (NYSE:YUM) traded in a range yesterday that spanned from a low of $69.15 to a high of $70.44. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $69.77 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Yum! Brands has traded in a range of $59.57 to $95.90 and is now at $70.40, 18% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Yum! Brands on October 26th, 2016 by issuing a Downtrend alert when the shares were trading at $85.56. Since that call, shares of Yum! Brands have fallen 19.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Yum! Brands

Ticker(s): YUM