GIS Trade on Jun 26, 2019 09:32 from Cklamb: Tradervue User Stock Trades.

GIS
Intraday fundamentals
“They beat earnings but missed revenue. From what I can tell the did not raise or lower guidance. But, they are down year over year and the expected sales increase does not make up for that downturn.”
Technicals
This stock has a lot of trapped traders. I would expect a move to the downside that could accelerate if it breaks 50$ to the downside. It is a dividend paying stock. I believe that may give it the support it needs to stay above the 50$ mark which is one of the most evident s/r level from the weekly chart.
52 is going to provided significant resistance. There are many possible playing points set up in the pre-market at about every 50c increment between 50 and 52
There is another area of support that was in play on the last earning report at 49.41 that I still have marked on the chart and would be another are that if it doesn’t hold the stock could sell off quickly.

Trade management
I had no reason to sell and cut a winner short even though the profit target was hit. I could have been bigger as well. But, I am sticking to a 60 share max for another 10 or so trades.

I did miss the long here at VWAP and the 49.41 level as they matched up.