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Look for Shares of General Mills In to Potentially Pullback after Yesterday's 1.09% Rise

By David Diaz

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.

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.

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. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.

Keywords: rebounders general mills in

Ticker(s): GIS