Macy's's most recent trend suggests a bearish bias. One trading opportunity on Macy's is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 12.11% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $65.00 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 at 43.23 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
Cross Ledge’s Wachs, Traub’s Singer on Retail Sales (Audio)
Tue, 15 Apr 2014 11:28:59 GMT
Shaquille O'Neal, businessman
Mon, 14 Apr 2014 19:37:00 GMT
Macy’s and Mayor de Blasio Announce That the 38th Annual Macy’s Fourth of July Fireworks® Will Again Light the NYC Skyline as the Nation’s Largest Independence Day Display Returns to the East River
Mon, 14 Apr 2014 19:19:00 GMT
Business Wire – Macy’s and New York City Mayor Bill de Blasio announced today that on Friday, July 4, a national historic landmark will set a dramatic stage for dazzling pyrotechnics as the 38th Annual Macy’s Fourth of July Fireworks® return to the East River.
New York's July 4th Fireworks Moving to the East River
Mon, 14 Apr 2014 16:16:43 GMT
March retail sales better-than-expected
Mon, 14 Apr 2014 16:15:00 GMT
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