Yum! Brands falls after earnings, levels to watch The stock is down over 4.8% to $78.78 a time of writing. At that price next support is at $78.12. The $78 area was prior resistance for the stock in the past several months and may now become support. Resistance is at $79.82.
McDonald's pressured by rising competition in China, WSJ says In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link