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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

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YUM! Brands (YUM) : Bullish indicators aligning

YUM just had its bullish indicators aligned.

1. Tenkan sen has cut Kijun sen

2. Price level is just below kumo resistance (Will it breakout?)

3. Chikou Span is just below price levels with possible resistance at $36

4. On the Ichimoku Weekly  Chart, we can see that there is long period of accumulation and the stock has been trading within a range.

2009Oct-Yum! Brands-800x600

2009Oct-Yum! Brands-800x600_Weekly