Yum! Brands ended the session at $136.35 yesterday, after six straight days of gains

Yesterday at a glance: generally flat but with a slight bullish bias, Yum! Brands ranged between $135.65 and $136.66 before closing higher at $136.35.

United States Initial Jobless Claims is next today at 12:30 UTC.

Yum! Brands's uptick comes amid good United States macroeconomic data released during the day — data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 7.92 million, beating projections of 1.48 million and showing improvement over the preceding figure of -451,000.

On the flip side, United States Producer Price Index fell short of the -0.1% projections, with new data of -0.3%.

At the same time, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.

Yum! Brands Inc is 44 cents away from testing key resistance at $136.79. Peaking above this level could inspire market bulls and open the path to further gains. Bollinger Band® analysis indicates that current price action is approaching the upper band at $139.13, thereby suggesting that Yum! Brands is becoming overvalued.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Yum! Brands is set for a reversal in the coming days.

A look at other consumer discretionary stocks also showed bullish price action as Toyota gained 4.74%, as it traded at $165.57. Nike traded at $112.86 after closing yesterday's trading day at $106.78 (up 5.69%).

While Yum! Brands was bullish yesterday, the following consumer discretionary stocks underperformed: Walt Disney slides down 1.49% yesterday to close at $93.85.

Also worthy of note, today at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 0.4%. United States Core Retail Sales expected to decline to 0.1% while its preceding data was 0.4%, data will be available today at 12:30 UTC.

Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Jun) will be released today at 12:30 UTC.

The US fast food company has fallen back around 4.84% over the past a month, from a notable high of $142.9.