YUM Analysis for 07.26.2008

YUM BRANDS INC. - YUM

Monthly chart shows the high made on April 2008 was made with regular divergence in the CCI indicator. Price is currently below the 8ema on this timeframe. While there is a sell signal/pattern on this timeframe, there is currently no buy signal/pattern evident on this timeframe. IF we are indeed correcting the entire move up off July 2000 low, THEN look for the downside target to be the .618 fib level. Both Robert Hsu and Wachovia have recommended this stock, but I currently see no buy signal to enter this stock long.

Weekly chart shows price to be well below the 8ema on this timeframe. price also remains below the down trendline in place. No buy signal/pattern evident on this timeframe.

Daily chart shows price to be below all key moving averages on this timeframe. the last move up off the January 2008 low appears to be corrective. IF this is indeed consolidation, THEN expect a new leg lower once consolidation is complete. No buy signal/pattern evident on this timeframe either. Look for continued weakness and lower eventually.