Monday, February 12, 2018 11:13:57 AM
One of the leading restaurant stocks in the market is Yum Brands Inc (NYSE:YUM). Yum Brands operates the KFC, Pizza Hut and Taco Bell restaurants. Today, YUM stock is declining lower by $1.65 to $77.66 a share. Traders should note that the stock was defended at its 200-day moving average last week. Should YUM stock trade and close below this important 200-day moving average at $76.72 it would likely signal another leg lower in the stock.
The next major support level for YUM stock would be around the $72.80 level. This level was major support in late September 2017 and will likely serve as support again if retested. This price area would be where I would look to step into the stock on the long side. YUM stock is now on my radar.
Nicholas Santiago
InTheMoneyStocks
Recent YUM News
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
