I think we have everything you need to open a short position.
Triple top, a bearish divergence, bad news, good balance between risk and potential profit.
FYI the company will report Feb 4 and price action looks weak and this bearish pattern suggest a possible downside move of 15% next few weeks. If you decide to short this stock make your stop loss at recent swing high at $66-$67 area. Join us www.woowtrading.net
End of October, we noted that price is about to break below the rising support after it touched but rather broke upside with light volume..though it was a concern, it was best trade
YUM has a history of performing after market,when earnings are announced, the direction of the option activity closest to the close. In this case,even though the stock was strong all day,there was a surge in out of the money put buying the last hour prior to close. After earnings, the stock went down about 3 points. Yum also seems to perform the next day,after...
