Yum Brands (YUM) PriceWatch Alert Support Down To $34.73
Posted on August 29, 2008 at 04:07 AM EDT
Yum Brands (NYSE: YUM) closed yesterday at $36.61. So far the stock has hit a 52-week low of $30.99 and 52-week high of $41.73. Yum Brands stock has been showing support around 34.73 and resistance in the 37.59 range. Technical indicators for the stock are Bearish and S&P gives YUM a neutral 3 STAR (out of 5) hold rating. YUM appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '09 37.50 covered call (YUM AU) for a net debit in the $34.11 area. That is also the break even stock price for this trade. This covered call has a 141 day duration, provides 6.83% downside protection and a 9.94% assigned return ra...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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