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

By iam802

Trend trading with Ichimoku