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Shares of Yum! Brands Rise to a New 52-Week High

Published on Fri, 08/09/2013 - 15:06
By Peter Chu

Shares of Yum! Brands (NYSE:YUM) traded at a new 52-week high today of $74.95. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.

Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items.

There is potential upside of 1.9% for shares of Yum! Brands based on a current price of $74.36 and an average consensus analyst price target of $75.81. The stock should find initial support at its 50-day moving average (MA) of $71.40 and further support at its 200-day MA of $68.81.

Over the past year, Yum! Brands has traded in a range of $59.68 to $74.95 and is now at $74.36, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com