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I am predicting a bottom out by the date and price shown.
Shares of General Mills (GIS) have been terrible to own lately. But they're finally finding support at a major support level (breakout from 2012-2013) at about $41.
They recently acquired Blue Buffalo Pet Foods, which should help drive growth to the bottom line, as the humanization of pets continues to accelerate.
At current prices, it's also sporting a solid ...
Nice breakout and reversal, look to close the gap and head back towards 50.
Falling wedge breakout. Not sure if this is a warning sign to the overall market seeing strength in staples.
The bearish DailyPlay we chose for Wednesday, May 23rd is General Mills (GIS). GIS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.53% move lower and its 1m and 6m trend turned bearish yesterday and recently bounced lower off its $50 resistance level.
General Mills' 1m and 6m trends turned bearish on 4/18 and recently ...
Good for a pop
GIS is a dividend fortress. The company has been in business for over a 100 years. Due to missed earnings, I believe that the stock has been oversold. This seems to be a good entry point before the next earnings report.
Stopped right near the .618 Fib from the 2009 lows. Nice dividend too!
Another contender depending on sector and market
A bullish bet is placed on General Mills (GIS: 58.43$):
1) Bounced off support level at 57.75$;
2) EMA 50 crossed above EMA 200;
3) RSI correcting at lower levels while price at higher ones ( check Black arrows). Indicator that price is in a hurry to resume the uptrend.
Target Price: 60.10$ then 61.30$
Stop level: a 2 days close below 57.75$ and or a 2% Intra ...
Fresh WK Demand zone now available on GIS, will be looking to go long if price retraces to there.
Long bias on a stock that is not at all time high's, hard to find right now :)
Happy Trading All!
#stock is looking up. Can it clear $58.50 for Bullish turn? $XLP #trading
GIS is a stock I like for it's stability and dividend, I have owned it since 2009 and will continue to hold as long as the dividend (3.7%) remains stable.
The chart shows a divergence that are linked to the fundamentals of the company. Future Growth is negative and Management appears to be wallowing.
The positive signs:
Ichimoku 4/5 +
rumors of take over from ...
#stocks #trading #indicators $XLP
General Mills could be bottoming. $XLP #consumer #staples
bears solidly in control
GIS has moved down a parallel channel to trend line support. The stochastic divergence is signaling a move back up that should happen at the end of this consolidation period.
Stop: 51.00 (Trend Line)
Target: 53.22 - 54.97 (2.35% - 5.71%)