General Mills Inc (GIS)
View: Long Term
Main Confluence: Correction, Financials, New Acquisition
Current Price: 39.82
Entry: $35 per share
Fair Market Value: $57
Sale Mandate 1: $50
Sale Mandate 2: $60
Sale Mandate 3: $80
General Mills manufactures branded consumer foods, like ready-to-eat cereals, convenient meals, snacks, ...
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 ...
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 $50 resistance level.
General Mills' 1m and 6m trends turned bearish on 4/18 and recently ...
GIS is a dividend fortress. The company has been in business for over a 100 years. Due to missed earnings, I believe that the stock has been oversold. This seems to be a good entry point before the next earnings report.
A bullish bet is placed on General Mills (GIS: 58.43$):
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 ...
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 ...