TMCnet News
Downgrade Alert for Yum! Brands (YUM)Feb 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Yum! Brands (NYSE:YUM) was downgraded from Outperform to Neutral at RW Baird today. The stock closed yesterday at $63.94 on volume of 8.7 million shares, above average daily volume of 5.2 million. Yum! Brands has overhead space with shares priced $63.94, or 12.9% below the average consensus analyst price target of $73.38. The stock should run into initial resistance at its 50-day moving average (MA) of $67.10 and subsequent resistance at its 200-day MA of $67.58. Yum! Brands share prices have moved between a 52-week high of $74.75 and a 52-week low of $61.05 and closed yesterday at 5% above that low price at $63.94 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%. 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 |