Could General Mills (GIS Stock) rise towards the 71.80 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 is in an upward trend in the past days and it is currently traded at around $70.25. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around $71.80 otherwise it should fall towards its support level at around $69.50.

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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