• Return to Headlines

Bearish Moving Average Cross by General Mills In (GIS)

By Nick Russo

General Mills In (NYSE:GIS) crossed under its 10-day moving average of $44.95 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

General Mills In share prices have moved between a 52-week high of $72.95 and a 52-week low of $43.84 and are now trading 2% above that low price at $44.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of General Mills In on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $56.74. Since that call, shares of General Mills In have fallen 19.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses general mills in

Ticker(s): GIS