General Mills (GIS) is today's Chart of the Day and since it's founding in 1928 has been a staple on the pantry shelves of most American households. The Trend Spotter signaled a buy on 1/4 and the stock was up 11.33% in the last year.
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General Mills (GIS) had a Trend Spotter buy since 1/4 and this last month had 18 new highs and was up 8.26%. Wall Street loves this stock for long term conservative portfolios. The stock was chosen for Barchart's New High list.
Since its founding in 1928 the stock has been in all our supermarkets with products we all buy, Each year they keep acquiring new brands and develop new products. In 2013 they plan to add over 100 new products to an already diversified product line.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal since 1/4
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 8.26% in the last month
- Relative Strength Index 80.82%
- Barchart computes a technical support level at 42.73
- Recently traded at 44.31 with a 50 day moving average of 41.53
Fundamental factors:
- Market Cap - $28.59 billion
- P/E - 16.09
- Dividend yield - 3.07%
- Analysts issued 9 strong buy, 3 buy and 6 hold recommendations
- Revenue expected to be up 5.90% this year and another 4.20% next year
- Earnings estimated to be up 4.70% this year, an additional 8.20% next year and continue at an annual increase of 7.93% for the next 5 years
- Analysts think if their numbers are correct investors could see a total annual return in the 9% - 11% range over the next 5 years
- Financial strength A+
Exit strategy - Sell if you lose 10% from your entry point or the stock begins to trade below its 50 day moving average.
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