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.
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If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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