Wednesday, May 02, 2018 11:49:04 AM
This morning, leading restaurant stock, Yum Brands Inc (NYSE:YUM) reported earnings. Unfortunately, the stock is plunging lower by more than 5.0 percent to $81.79 a share. Traders should note that the stock is now trading sharply below the important 50-day moving. There will be some short term chart support around the $80.00 area which is around the 200-day moving average. The better support level will still be lower, likely around the $76.00 level. This area is where the stock was defended in February 2018 before surging to new highs. Very often, major pivots will serve as excellent support levels when retested. My best bet for a long side trade in YUM will be around the $76.00 level.
Nicholas Santiago
InTheMoneyStocks
Recent YUM News
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
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Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
