The bearish DailyPlay we chose for Tuesday January 19th is YUM Brands (YUM). YUM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 8.99% move lower and it’s 1m and 6m trend turned bearish on 1/04 while breaking below its $78 support area.
YUM Brands’s 1m and 6m trends turned bearish on 1/04 and recently bounced lower off its $71 minor resistance area. With a technical score of 4 (out of 10), YUM looks positioned to continue this strong bearish trend lower.