Yum! Brands (YUM) Breaks Through Support at $63.84
Shares of Yum! Brands (NYSE:YUM) have bearishly opened below the pivot of $64.79 today and have reached the first support level of $63.84. Investors may be interested in a cross of the next downside pivot targets of $63.06 and $61.33.
Over the past year, Yum! Brands has traded in a range of $61.05 to $74.75 and is now at $63.73, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.
Yum! Brands has overhead space with shares priced $63.73, or 14.5% below the average consensus analyst price target of $74.55. The stock should run into initial resistance at its 200-day moving average (MA) of $67.78 and subsequent resistance at its 50-day MA of $67.99.
SmarTrend is tracking the current trend status for Yum! Brands and will alert subscribers who have YUM in their portfolio or watchlist when shares have changed trend direction.
Keywords: pivot alerts Yum! Brands