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General Mills In Rises 1.09% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

General Mills In (NYSE:GIS) traded in a range yesterday that spanned from a low of $43.70 to a high of $44.55. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $44.06 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

General Mills In share prices have moved between a 52-week high of $60.69 and a 52-week low of $41.01 and are now trading 8% above that low price at $44.37 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for General Mills In and will alert subscribers who have GIS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders general mills in

Ticker(s): GIS