Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $43.00 short put and a strike $38.00 long put offers a potential 13.12% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $38.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Macy's is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Macy's is bullish.
The RSI indicator is at 52.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
Warm weather cools sales
Wed, 23 Oct 2013 19:03:29 GMT
Big Data Download – http://d.yimg.com/hd/cnbc2/lotus/1382552806283_433_21yGpyoPu7bf1_1_0.jpg?s=aeff46719c466f5bf0c2502a2a37542b&c=1f4987dc5ac19ca98045d0d4fb2b389a&a=cnbc2&mr=0
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Wed, 23 Oct 2013 17:38:00 GMT
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Men’s Wearhouse Said to Mull Bid for Allen Edmonds
Wed, 23 Oct 2013 01:05:50 GMT
Bloomberg – Men’s Wearhouse Inc., the suit retailer that rejected a $2.3 billion offer from Jos. A. Bank Clothiers Inc., may bid for Allen Edmonds Corp., a closely held shoemaker, according to a person familiar with …
J.C. Penney Pares Martha Stewart Deal, Returns Shares
Tue, 22 Oct 2013 20:17:24 GMT
Bloomberg – In December 2011, Ron Johnson hailed J.C. Penney Co.’s $38.5 million investment in Martha Stewart Living Omnimedia Inc. as “transformational.”
Macy’s: Still Suing J.C. Penney and Stewart Living
Tue, 22 Oct 2013 18:31:04 GMT
Wall St. Cheat Sheet – Macy's claimed that it had exclusive rights on certain design groups — and demanded that J.C. Penney stop selling items falling within that agreement.
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