YUM! Brands ready to turn over?

Nice break at 68, nice stop level at day's high, nice target at 66 resistance. Textbook trade, hopefully you are on the take. Then again, short anything on monday assuming G8 meeting doesn't cause turbulence seems like the path of least resistance.

 

No complaints on YUM short for me. I'll take what I can get.

G8, QE3, etc..... all pipe dreams for those looking for a bounce. Sell in May and go away seems to hold up almost every time.

 

YUM chart is now more bearish then bullish. Any pullback to 50 day EMA is shortable. There is no real support level till 200MA.

Only move above 72 level and confirmation that it will be able to hold above 50 and 20 day MA could turn me again bullish in this stock.

Richard

 

A change of sentiment.

 

Nothing based on the company. If the market stays up this week so will YUM.

 

One day does not change current sentiment

 

Wall Street loves YUM because they know the fundamentals. 1000 new international stores and China is pro growth.

 

Hope the shorts got out. Getting Crushed!

 

I only trade one day at a time, no holding overnight. The main thing is that price should move.

 

wall street loves YUM.