Relative Strength Fast Food Name Forms Bull Flag
Yum Brands (YUM) shares are bull flagging near the recent highs and staying strong relative to the market. YUM closed with a bull candle back above its 8 EMA on Monday and looks poised to run higher and retest 160 and then 163. YUM still has 1500 July $140 short puts in OI and 1800 June $170 calls bought on 2/28 still holding in OI. YUM broke out of a massive 5 year range just recently in early February above 140 and likely has a multi month trend higher started.