YUM - LONGYum another one that is not a 6/6 its a 2-3/6 at best but is exhibiting great behavior and I decided to try so for a trade today .
I was in and out several times and I did manage to keep some as a swing . Bought super late , it works sometimes .
Trade results so far you can see on 5 min shot I pasted on for reference :
1st try - 153.7 to 153.10 Result -0.53R
2nd try - 153.41 in , sell some 153.91 , hold 24% of shares into close for a swing , sell at discretion.
Will update comments for additional actions as they progress vs results .
YUM trade ideas
Fast food restaurant stock prices can potentially declineI am cautious and afraid that fast food restaurant stocks such as McDonald, Pizza Hut, Starbucks etc. will soon see a steady decline. Looking back at history, when USA threatens tariffs on countries such as China, Canada, Mexico and Europe at large, consumers in those countries become hesitant to spend money in American fast food chain. There are too many instances back in history to refer to. Happy cautious trading to my retail friends. www.stimson.org
YUM: linear regression channel tradeA price action above 133.50 supports a bullish trend direction.
Increasse long exposure for a break above 136.00.
The target price is set at 145.00, which is the upper range of the linear regression channel pattern.
The stop-lossprice is set at 129.00, which is the lower range of the linear regression channel pattern.
The upward trending linear regression channel supports a bullish trend direction.
Yum! Brands: Bearish Shark With Bearish Divergence and Daily 3LSWe have a 1.13 Shark here with Bearish Divergence Visible on the Weekly Timeframe, and right now on the Daiy Timeframe was have a Confirmed 3 Line Strike. If things go as I expect we will see YUM work it's way down and below the trendline before then making it's way towards the 0.618 Fibonacci Retrace over the next several months.
Pullback in Yum BrandsYum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers.
The first pattern on today’s chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New Year by testing it. Prices are now holding the same zone again, which could suggest old resistance has become new support.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA during the period of consolidation. That may suggest the longer-term trend is turning bullish.
Speaking of the 50-day SMA, the owner of Taco Bell and Pizza Hut is lurking near that intermediate-term trend indicator. Traders may watch to see if it can be reclaimed.
Finally, stochastics are rebounding from an oversold condition.
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YUM PutThoughts: Yum looks like it's going to close under $108.90 on the 1D. I saw YUM yesterday and I really like this stock. I can see it going to 95 in the next 30-60 days.
If YUM closes under $108.96 today, we should hit 102.41 in the next 7-30 days.
Entry: 109.20-108.40
1st Target: 103.15-102.41
2nd Target: 95.61
Patience is a virtue.
YUM | ForecastBias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Anxious 😬.
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: ..
Position: A short term day/swing trade.
Notes: I'm anticipating an earnings surprise.
Other: ..
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About the Security: "Yum! Brands, Inc. operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept. The Pizza Hut Division segment operates the Pizza Hut concept. The Taco Bell Division segment includes all operations of the Taco Bell concept. The Habit Burger Grill Division segment includes its worldwide operations of the Habit Burger Grill concept. The company was founded in 1997 and is headquartered in Louisville, KY."
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ABC BullishTarget is D. Possible stop under C.
Earnings 10-28. I am not sure if it is BMO or AMC.
The 20 (blue) has crossed down through the 50 (orange) and this pattern is a pull back pattern. The 20 is sloping up as is the 200 (red). The 50 looks a bit droopy right now. Moving averages are lagging indicators. Price is under the 50 SMA and some would rather see price above the 50 before entering. We are all different.
If price goes below C by too much it is not an ABC bullish pattern. C needs to be above A for this pattern.
No recommendation
YUM Breaking DownYUM today 8/30 saw loss in a trading day that was mostly green on SPY. In the morning it attempted to regain losses from last week, but any strength was quickly sold and the downward trend continued.
- Rejection at 9EMA --> Short Term Downtrend confirmation
- Short Term EMA are bearishly crossing down to the 50 EMA
- Bollinger bands expanding signaling potential continued drop
- Increased volume on downward trend
- RSI below 50 (30), can continue down to 15s
Suggested Contracts:
BTO Sept 10th '21 132P
BTO Oct 15th '21 130P
YUM yummy yum yum Swing!!Broke out on the icchimoku plus earning on the 29th!!! All fast food has been doing astronomical runs after earnings. Dominoes ran $50 chipotle ran as well to crazy heights. YUM owns kfc, Pizza Hut, Taco Bell, the habit, etc. this thing gonna pop like crazy. Bought 3 contracts gonna sell 2 7-28 and let the last on ride for 7-29