(Finance) – Leaps forward Yum! Brandswhich extends today’s positive performance, with an increase of 2.72%.
The restaurant group that controls the KFC chain reported adjusted earnings per share of $1.35 in the second quarter, better than expectations ($1.33).
Comparison of the title with theS&P-500on a weekly basis, shows the greatest relative strength of the American fast food group compared to the index, highlighting the real attractiveness of the stock by buyers.
The medium-term technical implications are always read in a bullish way, while in the short term we are witnessing a weakening of the bullish push due to the evident difficulty in proceeding beyond the 138.9 USD level. The most immediate support level to control the current phase seen in the 135.9 area is always valid. The most consistent expectations lean towards an extension of the corrective movement towards the 134.9 level to be manifested in a reasonably short time.