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After Yesterday's Rally of 1.14% Shares Could Potentially Pullback

By Shiri Gupta

General Mills In (NYSE:GIS) traded in a range yesterday that spanned from a low of $44.62 to a high of $45.54. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $45.11 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, General Mills In has traded in a range of $43.84 to $72.95 and is now at $45.39, 4% above that low. 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%.

SmarTrend recommended that its subscribers protect gains by selling shares of General Mills In on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $56.74. Since that call, shares of General Mills In have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders general mills in

Ticker(s): GIS