Today’s instrument is the General Mills Inc.‘s stock traded in NYSE exchange under the ticker GIS.
Looking at the GIS’ chart, we see that it is clearly in an uptrend, and it was lastly traded at around $87.15.
Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its resistance level to be tested at around $88.34, which is also its 52W high. On the other hand, we should expect a big drop towards its support level at around $82.