Could General Mills drop towards the 79 level?

AAATrade Team AAATrade

Today’s instrument is the General Mills Inc.‘s stock traded in NYSE exchange under the ticker GIS.

Looking at the GIS‘s chart, we see that it was lastly traded at around $80.65.

In two days, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect the price to rise towards its resistance level between $82-82.50, otherwise it should test its support level at around $79.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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