Yum! Brands, Inc.
) - 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
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.
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