Yum! Brands, Inc. or YUM in the New York Stock Exchange is the world’s largest fast food restaurant company that cater to more than 100 countries. Restaurants they operate include Taco Bell, KFC, Pizza Hut, Wingstreet, Long John Silver’s restaurants and A&W.
Chart-wise, there is a triangle formation setting up in the YUM stocks. If the stock price successfully breaches the triangle’s resistance, it could head to the $44.00 price mark. If $44.00 gets cleared out, the next target price could be $48.00 which is the size of the triangle’s base added up to the breakout point. On the downside, in case the stocks breakdown from the triangle’s support which is less likely to happen since the formation’s coming from an uptrend, the immediate support could be $38.25. If the price further drops below that marker, the next support could be $37.54.
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