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General Mills Bullish Moving Average Crossover Alert (GIS)

By James Quinn

General Mills (NYSE:GIS) crossed over its 10-day moving average of $57.29 on a volume of 733K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of General Mills have traded between a low of $47.43 and a high of $72.95 and are now at $57.50, which is 21% above that low price. 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 its subscribers protect gains by selling shares of General Mills on January 10th, 2017 by issuing a Downtrend alert when the shares were trading at $60.50. Since that call, shares of General Mills have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses General Mills

Ticker(s): GIS