General Mills (GIS) NewsBite - GIS Hits 52-Week High

Posted: Thursday, November 12, 2009 2:28 PM EDT

General Mills (NYSE: GIS) hit a new 52-Week high of $67.77 so far today. Currently the stock is up $0.65 (0.97%) to $67.60 on 939,390 shares traded. Today's high is up $21.23 from a 52-Week Low of $46.37. General Mills stock has been showing support around $66.48 and resistance in the $67.74 range. Technical indicators for the stock are bullish and S&P gives GIS a positive 5 STARS (out of 5) strong buy ranking. GIS traded up to a new 52 week high today, and is currently trading up slightly over 1%. If you are looking for a hedged play on GIS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]

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