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Possible Bearish Inside Day Candle Pattern Detected for Yum! Brands Inc (NYSE:YUM)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Yum! Brands Inc (NYSE:YUM) based on the price action in the company's shares. Today's price range of $78.38 and $80.13 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Yum! Brands Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

There is potential upside of 12.9% for shares of Yum! Brands Inc based on a current price of $77.55 and an average consensus analyst price target of $87.56. The stock should find initial resistance at its 50-day moving average (MA) of $86.32 and further resistance at its 200-day MA of $102.76.

Yum! Brands Inc share prices have moved between a 52-week high of $119.72 and a 52-week low of $54.95 and are now trading 41% above that low price at $77.55 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.8%.

Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises, and licenses a worldwide system of restaurants which prepare, package, and sell a menu of food items.

SmarTrend is monitoring the recent change of momentum in Yum! Brands Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Yum! Brands Inc in search of a potential trend change.

Keywords: bearish inside day candle yum! brands inc

Ticker(s): YUM