Yum Brands (YUM) PriceWatch Alert for September 5, 2008
Posted on September 05, 2008 at 04:07 AM EDT
Yum Brands (NYSE: YUM) closed yesterday at $36.62. 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 35.94 and resistance in the 37.78 range. Technical indicators for the stock are Bullish 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 $33.87 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.51% downside protection and a 10.72% assigned return ra...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)