• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Yum! Brands Inc After 1.34% Gain

By Amy Schwartz

Yum! Brands Inc (NYSE:YUM) traded in a range yesterday that spanned from a low of $99.44 to a high of $100.31. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $98.96 on volume of 977,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Yum! Brands Inc have traded between a low of $77.09 and a high of $99.90 and are now at $99.89, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.62% higher over the past week, respectively.

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: rebounders yum! brands inc

Ticker(s): YUM