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After Yesterday's Rally of 2.67% Shares Could Potentially Pullback

By Shiri Gupta

Yum! Brands Inc (NYSE:YUM) traded in a range yesterday that spanned from a low of $80.62 to a high of $82.55. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $81.01 on volume of 890,000 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 Inc has traded in a range of $59.57 to $91.99 and is now at $82.28, 38% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Yum! Brands Inc and will alert subscribers who have YUM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders yum! brands inc

Ticker(s): YUM