Home Sectors Consumer This Food Stock Broke Out to New Highs. Now It’s Pulled Back

This Food Stock Broke Out to New Highs. Now It’s Pulled Back

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July 22, 2022

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General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately.

The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in July 2016.

Next, consider how GIS pulled back and held …

For more, please click here to view the related idea and chart analysis on TradingView.

General Mills (GIS), *daily chart with selected patterns and indicators, courtesy of TradingView*.

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This Food Stock Broke Out to New Highs. Now It’s Pulled Back

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