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General Mills In Bearish Moving Average Crossover Alert (GIS)

By David Diaz

General Mills In (NYSE:GIS) crossed under its 10-day moving average of $42.45 on a volume of 2.9 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 $41.01 and are now trading 1% above that low price at $41.22 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 24.6%. 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