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Watch for Yum! Brands Inc to Potentially Pullback After Gaining 1.34% Yesterday

By Shiri Gupta

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.

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.

In the past 52 weeks, Yum! Brands Inc share prices have been bracketed by a low of $77.09 and a high of $99.90 and are now at $99.89, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

Keywords: rebounders yum! brands inc

Ticker(s): YUM