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General Mills Bullish Moving Average Crossover Alert (GIS)

By David Diaz

Today, shares of General Mills (NYSE:GIS) have crossed bullishly above their 10-day moving average of $71.88 on a volume of 915K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, General Mills has traded in a range of $47.43 to $72.95 and is now at $71.98, 52% above that low. 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 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 13.3%. 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