• Return to Headlines

Watch for General Mills In to Potentially Pullback After Gaining 1.21% Yesterday

By Nick Russo

General Mills In (NYSE:GIS) traded in a range yesterday that spanned from a low of $53.05 to a high of $53.17. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $53.05 on volume of 653,000 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.

Over the past year, General Mills In has traded in a range of $43.50 to $56.40 and is now at $53.43, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders general mills in

Ticker(s): GIS