General Mills Inc

AAA

For today's chart we've chosen to take a look at General Mills Inc. (NYSE:GIS) because a well-formed head and shoulders pattern has appeared on the chart. This technical pattern is a staple amongst short-term traders and is used to spot a potential shift in a prolonged uptrend. As you can see from the chart below, the neckline, which is created by drawing a trendline between the lows, is the last level of support that stands in the way of a sharp decline. We'll watch for a break below $54.75 and will set our short-term target at the 161.8% Fibonacci Retracement level (currently near $50.50).



You May Also Like

Related Analysis
  1. Stock Analysis

    How Is Main Street Capital Growing?

  2. Stock Analysis

    What Would Be Of BreitBurn Energy This Summer?

  3. Stock Analysis

    Is Arena Pharmaceuticals In Trouble?

  4. Stock Analysis

    Expert: The Apple-HBO Partnership Could Be The Start Of Something Big

  5. Stock Analysis

    Is SodaStream Ready For A Come Back?

Trading Center