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Shares of General Mills In Rise to a New 52-Week High

By Amy Schwartz

Shares of General Mills In (NYSE:GIS) traded today at $52.16, breaking its 52-week high. So far today approximately 478,000 shares have been exchanged, as compared to an average 30-day volume of 4.5 million shares.

In the past 52 weeks, General Mills In share prices have been bracketed by a low of $36.42 and a high of $52.16 and are now at $51.97, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

General Mills In (NYSE:GIS) is currently priced 3.5% above its average consensus analyst price target of $50.17. The stock should discover initial support at its 50-day moving average (MA) of $47.93 and subsequent support at its 200-day MA of $44.64.

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 recommended that subscribers consider buying shares of General Mills In on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.93. Since that recommendation, shares of General Mills In have risen 26.4%. 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 in

Ticker(s): GIS