From the Desk of Top Market Timer, Mark Leibovit
LEIBOVIT VR TUTORIAL FOR YUM ON METASTOCK - AUGUST 12, 2015
Seven Leibovit Negative Volume Reversals (VRs) have been formed in YUM BRANDS (YUM) since late June defining a clear and profitable downtrend. Yum Brands, the owner of the KFC and Taco Bell chains, was among the biggest decliners in the S&P 500 on Tuesday. The fast-food company gets more than half of its sales from China. The company said last month that it was expecting a strong second-half of the year in China. Yum fell $4.28, or 4.9 percent, to $83.54.
A Leibovit Negative VR accompanied by a declining 5/3/3 stochastic provided traders with a great opportunity to profit ahead of the announcement that China had devalued the Yuan by 2%.
Happy Trading,
Jeff Gibby
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