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Watch for Continued Losses in Shares of General Mills In (GIS)

By James Quinn

Shares of General Mills In (NYSE:GIS) traded today at $54.07, breaking its 52-week low. So far today approximately 711,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

General Mills In (NYSE:GIS) has potential upside of 5.9% based on a current price of $54.17 and analysts' consensus price target of $57.35. The stock should run into initial resistance at its 200-day moving average (MA) of $58.27 and subsequent resistance at its 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.

In the past 52 weeks, General Mills In share prices have been bracketed by a current low of $54.07 and a high of $72.95 and are now at $54.17. The 200-day and 50-day moving averages have moved 0.17% higher and 0.42% higher over the past week, respectively.

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