YUM! Brands (YUM) : Possible breakout at 36.60

YUM has been trading at a tight range since May last year.

Recent rally has seen it went up till $36 with resistance level at 36.64

The Chikou Span has also pierce through the price level; a suggestion that it is moving up.

If YUM breaks this level, target price for it is $39.

If it fails to break through, we may see a reversal and YUM may test support at $32.50

Related posts:

  1. S&P 500 (SPX) : Something for the bears to look forward to
  2. YUM! Brands (YUM) : Bullish indicators aligning
  3. Russell 2000 (RUT) : Critical Kumo Support
  4. Goldman Sachs (GS) : Trend remains down
  5. Netgear Inc (NTGR) : Breakout on inline guidance