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 11.86% return on risk over the next 31 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 $0.53 would be kept by the premium seller. The risk of $4.47 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 43.75 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
Macy's puts plans for Brooklyn store on hold
Wed, 16 Jul 2014 14:36:55 GMT
Macy’s Offers the Best in Style and Savings This Back-to-School Season
Wed, 16 Jul 2014 14:00:00 GMT
Business Wire – Macy’s is gearing up for the 2014 back-to-school season with the latest trends and incredible promotions, all in time to have school-goers prepped, packed and looking smart as scho
A Push to Give Steadier Shifts to Part-Timers
Wed, 16 Jul 2014 00:12:13 GMT
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Tue, 15 Jul 2014 22:32:00 GMT
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