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Watch for Yum! Brands Inc to Potentially Pullback After Gaining 1.31% Yesterday

By Shiri Gupta

Yum! Brands Inc (NYSE:YUM) traded in a range yesterday that spanned from a low of $85.95 to a high of $86.78. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $86.67 on volume of 705,000 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 $59.57 and a high of $91.99 and are now at $86.64, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.93% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Yum! Brands Inc on February 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.65. Since that recommendation, shares of Yum! Brands Inc have risen 4.6%. 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