YUM is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Traders are watching Yum! Brands (YUM) as price action tightens. With a last close of $161.57, volatility remains active (0.09%). The primary technical feature is a Bullish Flag formation. The trend indicator is reading 11.8/100, suggesting moderate momentum. A potential breakout level is identified at $162.37, targeting $180.86 with support near $154.96 (R:R 2.49).
What is your outlook on YUM?