Macy's's most recent trend suggests a bearish bias. One trading opportunity on Macy's is a Bear Call Spread using a strike $31.00 short call and a strike $36.00 long call offers a potential 13.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $31.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $36.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Macy's is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Macy's is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Macy's
Wal-Mart to add about 10,000 retail jobs in the US
Tue, 17 Jan 2017 21:50:07 GMT
Wal-Mart to add about 10,000 retail jobs in the US
Tue, 17 Jan 2017 21:50:07 GMT
Even Nordstrom Can't Escape the Spreading Retail Plague
Tue, 17 Jan 2017 20:29:00 GMT
Macy’s fires top executive, starts new restructuring (Video)
Tue, 17 Jan 2017 19:10:09 GMT
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Tue, 17 Jan 2017 19:07:00 GMT
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