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

By Shiri Gupta

General Mills (NYSE:GIS) crossed under its 10-day moving average of $70.70 on a volume of 1.5 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.

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 $69.03, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.42% higher over the past week, respectively.

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 12.1%. 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