A quick look at yesterday: during yesterday's session, Yum! Brands toiled and struggled for upward momentum before closing at $126.85. By the close, the Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, suffered a $1.21 or 0.94% loss.
Bollinger Bands® shows an indication of recovery: the lower band is at $123.78, a low enough level to, generally, suggest that Yum! Brands Inc is trading below its fair value.
Despite suffering losses in today's session, technical analysis is indicating that Yum! Brands will undergo a significant bounce in the immediate term.
Yum! Brands was not the only decliner in the consumer discretionary sector; Toyota went down 1.78%, closed at $135.9. McDonald's went down to $267.2, losing 1.25% after it closed at $270.57 yesterday. Walt Disney went down 1.16%, closed at $94.29.
On a negative trend for around a month. Having set a significant low of $105.25 5 months ago, the US fast food company is trading 21.67% higher.