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General Mills In: The Losing Streak Continues (GIS)

By Amy Schwartz

General Mills In (NYSE:GIS) traded at a new 52-week low today of $53.02. This new low was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 3.8 million shares.

General Mills In share prices have moved between a 52-week high of $72.95 and the current low of $53.02 and are currently at $53.10 per share. 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%.

Potential upside of 7.7% exists for General Mills In, based on a current level of $53.10 and analysts' average consensus price target of $57.18. General Mills In shares should first meet resistance at the 200-day moving average (MA) of $58.27 and find additional resistance at the 50-day MA of $61.61.

General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.

SmarTrend is monitoring the recent change of momentum in General Mills In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of General Mills In in search of a potential trend change.

Keywords: 52 week high/lows general mills in

Ticker(s): GIS