GIS Im loving this set up in General Mills, look for it to move mostly sideways/down the remainder of the year and start of 2020. I will start accumulating around the 48 area if this hold true, because it appears to most likely be Wave 2 (aka Right shoulder of Inverted H&S) and at the very least ride back up to the decision point. In my opinion, this is at least a...
General Mills reports earnings Wednesday and should stay above the trendline in the meantime. It has positive analyst ratings and a positive earnings surprise expectation from Zacks.
It may even break upward out of its parallel channel sometime in the next two trading days in anticipation of positive earnings, but at the very least I expect it to stay at the top...
$GIS offers a very interesting chart setup here, weekly might erupt into a fierce rally, so buying it after confirmation would prove tremendously profitable if it holds up after earnings. I'd wait for the report to buy it on dips after earnings are out of the way but you could accumulate it during a couple weeks, on dips as well. The sector is the least popular...
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.
Reasons:
- MA200 touched
- Bearish candle confirmation
- Overbought
- Overall bearish trend
High R:R up to 1:5 for second target
Risk 0.5% of capital per trade
General Mills Inc (GIS)
View: Long Term
Uncertainty: Low
Main Confluence: Correction, Financials, New Acquisition
Current Price: 39.82
Entry: $35 per share
Fair Market Value: $57
Undervalued: 30%
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...
General Mills, Inc., is a manufacturer and marketer of branded consumer foods and pet food products sold through retail stores. The Company is a supplier of branded and unbranded consumer food products to the North American foodservice and commercial baking industries. It also provides pet food products through its subsidiary Blue Buffalo Pet Products Inc. The Company has four segments: U.S. Retail, International, Pet operating, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on categories, including ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Company's other product categories include baking mixes and ingredients, and refrigerated and frozen dough. It also provides food products for dogs and cats.
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GIS
