Yum Brands (YUM) NewsBite - YUM Upgraded By JP Morgan

Posted: Wednesday, April 15, 2009 2:02 PM EDT

Yum Brands (YUM) was upgraded today by analysts at JP Morgan and the stock is now at $30.31, up $.81 (2.75%) on volume of 5,064,105 shares traded. The analysts upgraded the stock to Overweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $21.50 to a high of $41.73. Yum Brands stock has been showing support around $29.14 and resistance in the $30.18 range. Technical indicators for the stock are neutral and S&P gives YUM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on YUM the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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