General Mills, although looking fundamentally strong from a valuation perspective (Yield ~ 4.5% and a PE of less than 15), seems to have hit the resistance zone at the 200 DMA after a rally. Could be a good medium term short with a stop loss at around 45.
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...