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General Mills In Crosses Below its 10-day MA (GIS)

By David Diaz

Today, shares of General Mills In (NYSE:GIS) have fallen below their 10-day MA of $57.32 on a volume of 526K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, General Mills In share prices have been bracketed by a low of $53.24 and a high of $72.95 and are now at $57.17, 7% above that low price. Over the last five market days, 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 In on August 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.76. Since that recommendation, shares of General Mills In have risen 3.5%. 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 in

Ticker(s): GIS