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

By Amy Schwartz

Today, shares of General Mills In (NYSE:GIS) have fallen below their 10-day MA of $44.24 on a volume of 873K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of General Mills In have traded between a low of $43.18 and a high of $72.95 and are now at $43.83, which is 2% 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 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 22.9%. 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