It's Not Too Late To Make Money With General Mills (GIS)

Posted: Friday, November 20, 2009 1:50 PM EDT

General Mills (NYSE: GIS) hit a new 52-Week high of $67.78 so far today. Currently the stock is up $0.26 (0.39%) to $67.77 on 1,098,117 shares traded. Today's high is up $21.40 from a 52-Week Low of $46.37. General Mills stock has been showing support around $66.33 and resistance in the $68.21 range. Technical indicators for the stock are bullish and S&P gives GIS a positive 5 STARS (out of 5) strong buy ranking. The stock climbed to a new high today, after UBS set a $75 price target on the stock yesterday. 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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