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A Stock You Can Buy To Weather The Current Sell-Off

Published 05/05/2016, 12:58 AM
Updated 07/09/2023, 06:31 AM

General Mills (NYSE:GIS)

Quite a nice trade setup really, with a readily definable risk/reward to it. Obviously, this isn't a trade that is going to sky rocket overnight for you, but it has held steady of late, and with a market that is seeing some head winds as well, that is really what you want here.

Use a stop-loss of less than $60 for the trade, as a break below that price level would in essence establish a lower-low on the stock, and there is no reason to be long when that happens. Furthermore, you have the potential to see this stock hit around $65 if not more. If that happens, you are getting about a 2-to-1 reward-to-risk return on the trade.

Here's the trade setup:

GIS Chart

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