TMCnet News
Downgrade Alert for Yum! Brands (YUM)Jan 30, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Yum! Brands (NYSE:YUM) was downgraded from Outperform to Market Perform at Bernstein today. The stock closed yesterday at $64.24 on volume of 4.8 million shares, below average daily volume of 4.9 million. Yum! Brands has overhead space with shares priced $64.24, or 13.8% below the average consensus analyst price target of $74.55. The stock should run into initial resistance at its 50-day moving average (MA) of $67.69 and subsequent resistance at its 200-day MA of $67.73. In the past 52 weeks, shares of Yum! Brands have traded between a low of $61.05 and a high of $74.75 and closed yesterday at $64.24, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.68% lower over the past week, respectively. Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. SmarTrend is tracking the current trend status for Yum! Brands and will alert subscribers who have YUM in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |