YUM Yum! Brands daily chart showing overbot conditions, rising wedge formation and negative divergence so down she will go. The power move over the last three days popped price two bucks. Perhaps that is some of Chairman Bernanke's fast hot money chasing YUM since it is a proxy for China. The weekly chart is in negative divergence as well so the implications ahead for YUM are all down which does not bode well for China.
Once YUM starts to sell off, that gap below at 48-49 is big enough to drive a truck thru, and it will need filled. A 46 to 49 price would not be unreasonable for the summer months. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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