Yum China Stock Bounces Back: Can Recent Rally Beat Short-Term Headwinds?
YUM CHINA(YUMC) Benzinga·2024-10-17 02:21
Yum China Holdings Inc. YUMC has experienced a volatile year. Although its stock is up 4% year-to-date, it has fallen nearly 17% over the past year.Despite a 27.8% rally in the past month, the current trend remains moderately bearish. The stock is facing selling pressure, which suggests continued downside risk.Yum China Stock Paints Mixed SignalsThe technical indicators are sending mixed messages for Yum China stock. Chart created using Benzinga ProOn the one hand, the stock price of $44.31 is below its eig ...