Trade Ideas: GIS

Bulls can't seem to catch a break, but there is strength to be found in this market. First it was Campbell soup, now its General Mills (GIS). Nice break of near term resistance to set up a challenge of $50.92 resistance. This follows an earlier MACD trigger 'buy'. Its 2.7% yield is not to be sneezed at either.

General Mills, Inc. produces packaged consumer foods in the United State and internationally. It offers ready-to-eat cereals; dry packaged dinner mixes, Mexican foods and dinner kits, soups and ingredients, canned and frozen vegetables, meal starters, and refrigerated barbeque products; dry packaged specialty potatoes, instant mashed potatoes, salad, and salad topping; and shelf-stable microwave meals and packaged meals.

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