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Shares of General Mills Rise Above Previous 52-Week High

By Nick Russo

General Mills (NYSE:GIS) traded at a new 52-week high today of $65.50. Approximately 477,000 shares have changed hands today, as compared to an average 30-day volume of 3.8 million shares.

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.

In the past 52 weeks, shares of General Mills have traded between a low of $47.43 and a high of $65.50 and are now at $65.34, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

General Mills (NYSE:GIS) is currently priced 10.9% above its average consensus analyst price target of $58.20. The stock should discover initial support at its 50-day moving average (MA) of $61.61 and subsequent support at its 200-day MA of $58.27.

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 3.3%. We continue to monitor GIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows General Mills

Ticker(s): GIS