The recent decline in YUM Stock saw the stock collapse below support at $70.00. The support level held and YUM Stock quickly regained that support level. News though continues to be poor coming out of China and investor worries may have capped the stock’s recovery yesterday and again today.
Often when I am unsure of investor sentiment, it can be a good idea to test the waters, so to speak. This trade was a testing of the waters in YUM Stock so I know what my next step should be with my various trades.
The rest of this article is for Members.
YUM Stock Trade Alert Details
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.