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Actionable news in YUM: YUM! BRANDS Inc,

How Technical Charts Predicted Yum! Brands' Earnings Debacle

NEW YORK (TheStreet) -- Did you buy Yum! Brands (YUM - Get Report) ahead of earnings based on fundamental buy ratings on Wall Street? Well, you should have looked at daily and weekly technical charts first. Had you done so you'd have avoided the unappetizing results entirely.

The daily chart on YUM showed it forming a "death cross" on Monday, confirmed at the open on Tuesday. The weekly chart was neutral. A "death cross" is a technical indicator that occurs when a stock's short-term moving average falls below its long-term moving average.

Right now the parent of Kentucky Fried Chicken, Pizza Hut and Taco Bell is...


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