The “Chart of the Day” is Yum! Brands (YUM), which showed up on Thursday’s Barchart “12-month high” list. YUM on Thursday rallied by 2.93% and posted a new record high for the stock, which has history back to 1998. Trendspotter(tm) on the weekly chart has been long YUM since March 8 at $37.09. In recent news on the stock, Barrons on July 22 said YUM has been a bright spot in a weak consumer-spending environment due to its strong presence in China. YUM on July 14 reported better than expected earnings and raised its FY10 EPS guidance due to strong first half performance. YUM Brands, with a market cap of $19 billion, is the one of the world’s largest restaurant companies, with restaurants around the world in numerous countries and with restaurant chains including KFC, Pizza Hut and Taco Bell.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- Trendspotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 88% Buy
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
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