Friday at a glance: Yum! Brands went up to $124.61, gaining 1.5%.
Yum! Brands Inc could be slowing down soon; it is getting close to the resistance line and is now at $125.61, only $1 away. Crossing the resistance line could, however, suggest that further gains are ahead. Despite posting gains on Friday, Yum! Brands slid below its 5 day Simple Moving Average at $123.19 during the last session — an early indicator that a negative trend could be emerging.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Yum! Brands is set for a reversal in the coming days.
A look at other consumer discretionary stocks also showed bullish price action as Starbucks gained 1%, as it traded at $97.95.
Yum! Brands went up Friday, yet these consumer discretionary stocks did not follow — Alibaba lost 4.49% Friday and closed at $80.48. Tesla descends 1.63% Friday to close at $183.17.
The stock has been trending positively for about a month. Yum! Brands has recovered 16.65% since descending to a significant low of $105.25 around a month ago.