OptionsPlay DailyPlay

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.

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