A quick look at Friday: bullish sentiment helped Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, to hammer out a noteworthy $137.06 to $138.51 range Friday, and finally closing at $138.33 to end the session.
Yum! Brands Inc could be slowing down soon; it is getting close to the resistance line and is now at $138.89, only 56 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Despite posting gains on Friday, Yum! Brands slid below its 3 day Simple Moving Average at $137.4 during the last session — an early indicator that a negative trend could be emerging. Yum! Brands's upper Bollinger Band® is at $140, this is a slight indication of a slowdown.
Technical analysis suggests there could be an imminent reversal for Yum! Brands.
This rally in Yum! Brands's share price coincided with other consumer discretionary stocks as Amazon was up 3.03%. Walt Disney gained 1.53%, as it traded at $99.57.
While Yum! Brands was bullish Friday, the following consumer discretionary stocks underperformed: Alibaba lost 1.77% Friday and closed at $89.13.
The stock has been trending positively for about a month. 2 days ago Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, reached a significant high of $138.33 but has consequently lost 0.6% since then.