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Look for Shares of General Mills In to Potentially Pullback after Yesterday's 1.15% Rise

By David Diaz

General Mills In (NYSE:GIS) traded in a range yesterday that spanned from a low of $47.38 to a high of $47.62. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $47.17 on volume of 2.1 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 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 15.0%. We continue to monitor GIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

General Mills In share prices have moved between a 52-week high of $52.87 and a 52-week low of $36.42 and are now trading 31% above that low price at $47.62 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

Keywords: rebounders general mills in

Ticker(s): GIS