General Mills (GIS) – Bullish DailyPlay for Tuesday Nov 20th, 2018
The bullish DailyPlay we chose for Tuesday, Nov 20th is General Mills (GIS). GIS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 4.48% move higher and its 1m and 6m trend have turned bullish on 10/30 and recently bounced higher off its $55.50 support levels.
General Mill’s 1m and 6m trends turned bearish on 11/16 but recently bounced higher off its $44 support level while making higher lows over the past 2 months. With a technical score of 8 (out of 10), GIS is a bullish stock that will likely continue higher.
As a stop loss, if GIS was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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