Saturday, July 2, 2011

Yum Brands - Barchart Chart of the Day

Chart of the Day - Yum! Brands (YUM)
Related Stocks
YUM - Yum! Brands
Sym Last Chg Pct
YUM 56.75 +1.51 +2.73%
The "Chart of the Day" is Yum! Brands (YUM), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. YUM! on Friday rallied by 2.73% and edged to a new record high. In recent news on the stock, YUM! on June 21 at a conference said that it can ultimately reach 20,000 total restaurants in China and that unit economics and brand attributes in china are as good as ever. YUM! said it expects same-store sales growth in China this year to be stronger than 4%. Argus on June 21 reiterated its Buy rating on YUM! and its target of $62. YUM! Brands, with a market cap of $25 billion, is the one of the world's largest restaurant companies, with restaurants around the world in numerous countries and territories and with brands including KFC, Pizza Hut and Taco Bell.

yum_700_01
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter 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: 60% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 88% Buy


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