Yum! Brands Bearish Signs

yum New York, January 18th (TradersHuddle.com) - Shares of Yum! Brands, Inc. (NYSE:YUM) ended the trading session lower by $0.55 or -0.83% from its previous close. Yum! Brands' price action formed what is considered to be a bearish engulfing candlestick chart pattern.

Yum! Brands, Inc (NYSE:YUM), owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants, like Pizza Hut, KFC, and Taco Bell.

Yum! Brands' current stock range is determined by calculated support defined at $64.09 and by the resistance level at $68.45, which should be used by traders planning their next move.

If traders want to establish a position in Yum! Brands, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Yum! Brands for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,083.80 ▼2.83 (-0.02%)
o S&P 500 1,987.98 ▲0.97 (0.05%)
o NASDAQ 4,472.11 ▼1.59 (-0.04%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,083.80 Trade time:4:29PM EDT Value change:▼2.83 (-0.02%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,987.98 Trade time:4:29PM EDT Value change:▲0.97 (0.05%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,472.11 Trade time:5:15PM EDT Value change:▼1.59 (-0.04%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.