The bullish DailyPlay we chose for Tuesday, Nov 20th is General Mills (GIS). GIS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 4.48% move higher and its 1m and 6m trend have turned bullish on 10/30 and recently bounced higher off its $55.50 support levels.
General Mill’s 1m and 6m trends turned bearish on 11/16 but recently bounced higher off its $44 support level while making higher lows over the past 2 months. With a technical score of 8 (out of 10), GIS is a bullish stock that will likely continue higher.
As a stop loss, if GIS was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.