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TMCNet:  Yum! Brands (YUM) Breaks Through Support at $63.84

[January 28, 2013]

Yum! Brands (YUM) Breaks Through Support at $63.84

Jan 28, 2013 (SmarTrend(R) News Watch via COMTEX) -- 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.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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