Looking for a good tradable range to form here in YUM. Aug/Sept.

132 2 4
Interesting looking. Hit the 200 day MA pretty hard. What would be your stop loss?
Barker gatorNic
Well we have come down pretty hard since the high on 7/16. So even though I think YUM will hold the 73 level, the bottom of this range has yet to be determined. So until we find a bottom here I'd be conservative on the longs. I think we are very close though. If I were to go long here I'd give it some room. So maybe a 3 point stop. (@71)

I'm looking for some weakness in the broader market this coming week. Also looking for YUM to show some relative strength. We'll see. Good Luck!
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