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 9.65% return on risk over the next 28 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 $0.44 would be kept by the premium seller. The risk of $4.56 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.
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LATEST NEWS for Macy's
[$$] Mall Closures Ripple Through Small Town America
Fri, 20 Jan 2017 05:18:07 GMT
Sporting-goods retailer to replace Macy’s in Pineville
Thu, 19 Jan 2017 19:05:07 GMT
Here's when Macy's restructuring will hit Cincinnati
Thu, 19 Jan 2017 19:00:12 GMT
[$$] Shopping Mall's Woes Ripple Through an Ohio Town
Thu, 19 Jan 2017 14:29:23 GMT
The Future of Retail: Reading Macy’s Disappointing Holiday Sales
Thu, 19 Jan 2017 12:37:51 GMT
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