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Bearish Moving Average Cross by General Mills (GIS)

By Amy Schwartz

Today, shares of General Mills (NYSE:GIS) have fallen below their 10-day MA of $66.00 on a volume of 912K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, General Mills has traded in a range of $47.43 to $66.88 and is now at $65.65, 38% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of General Mills on May 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.26. Since that recommendation, shares of General Mills have risen 4.6%. We continue to monitor GIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses General Mills

Ticker(s): GIS