YUM Headed for New High?


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Yum! Brands, Inc. (NYSE: YUM ) - This company develops, operates, franchises and licenses a system of 110 restaurants, specializing in chicken, pizza, Mexican and quick-service seafood.

The stock had been in a bull market for over 10 years. In early March, the stock broke from $36 to $44 in just six weeks, but then entered a period of consolidation with support at $39 and resistance at $43.

If YUM breaks from the current descending triangle above $43, it could make a new high and quickly head to $50.

Credit Suisse Equity Research rates the stock an "outperform" with a target of $50.

YUM Stock Chart

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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