General Mills shares trying to break $57.96
Thursday, September 06, 2007
Shares of General Mills are acting very well , goin up more than 2% after early in the morning company said it expects first quarter sales to beat its forecast. Sales for the fiscal first quarter are expected to exceed the company's long-term target of low single-digit growth. Looking at the technical chart with today session, stock will find a big resistance to breakout $57.96, however indicators are now showing some strenght and entering in territory Bullish such as RSI. Stock is again trading above its 50 and 200 dma , which give some hope for Bulls to see a new rally on stock, solet see if stock can close above its average lines.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: GIS
