Earnings are high risk binary events.
Many traders try to time major directional earnings moves by using technical analysis (me included).
Although it often works, it sometime can end up with an unpleasant loss.
Before $YUM's earnings, I sent to the Elite Zone members a setup suggesting that $YUM could reach 92$ and complete a bearish Bat pattern (potential...
YUM announces earnings on 10/6 after market close, so if you're going to play this via an options setup, look at getting a fill for whatever you put on prior to the 10/6 New York close.
Ordinarily, I trade these using a short strangle or iron condor, with the short call/put legs at or around the 1 standard deviation line for the chosen expiry, which will either...
Picked this idea up via Greg Harmon (dragonflycap.com). Instead of a Daily chart view, I looked at the weekly chart and plotted against the Fib from high in July to low in early-2013.
- Multiple resistant points shown at the Fib. 61%
- An entry is considerable if price breaks $74.40, Target at $78 even.
- Unable to call a Stop yet!
- Will continue to monitor...
Bounced off the Ichimoku weekly cloud on recent selloff. Showing oversold on CCI and stochastic as it has in the past. Will be watching if it pierces back through the cloud to the downside, would be out if it does. Would like to see if it can breakthrough resistance around 74.
While Yum has been seeing there after tax profit margins decrease, there cash flow has increased.
Last month the stock dropped from the $81 range to the 68 dollar range in one month.
Which is what I would like to point out, because the free cash flow is at 865 million dollars.
Inside the green trend line, price has been at the $68 dollar range but the company had...
