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#1 Yum Brands (YUM)
Yum Brands (YUM) is the operator of quick-service restaurants,
including KFC, Pizza Hut, Taco Bell, Long John Silver’s and A&W.YUM appears to have triple-bottomed with reversals
at around $22, twin buy signals from our internal indicator, the Collins-Bollinger Reversal (CBR), and a gold cross in May. Now, with a stochastic buy
signal, YUM is positioned to break out from the bearish resistance line at just over $36 and make a run to new highs. YUM is a long-term buy.Get 10 Tips to Getting Started With Technical
Analysis.Next: Gabelli Global Gold, Natural Resources & Income Trust (GGN)
5 Top-Notch Technical Trades
Article printed from InvestorPlace Media, http://www.investorplace.com/2009/07/technical-trades/.
©2012 InvestorPlace Media, LLC
Five Top-Notch Technical Trades
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Technical Trade #1 – Yum Brands (YUM)
Yum Brands (YUM) is the operator of quick-service restaurants, including KFC, Pizza
Hut, Taco Bell, Long John Silver’s and A&W.YUM appears to have triple-bottomed with reversals
at around $22, twin buy signals from our internal indicator, the Collins-Bollinger Reversal (CBR) and a gold cross in May.Now, with a stochastic buy signal, YUM is positioned to break out from the bearish resistance line at just over $36 and make a run to new highs.
YUM is a long-term buy.
Get your FREE Guide to Technical Analysis here!NEXT: Technical Trade #2 – Gabelli Global Gold, Natural Resources & Income
Trust
Article printed from InvestorPlace Media, http://www.investorplace.com/2009/07/technical-trades/.
©2012 InvestorPlace Media, LLC
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