Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 11.61% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $55.00 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 71.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
10 things not to buy on Black Friday
Fri, 21 Nov 2014 09:02:38 GMT
MarketWatch – The day after Thanksgiving is poised to be a big shopping day. Here’s what to avoid when you hit the stores.
Can Black Friday Deliver Bang For The Buck To Stocks?
Thu, 20 Nov 2014 23:10:00 GMT
Unemployment claims below 300,000; could boost holiday spending
Thu, 20 Nov 2014 20:00:00 GMT
Tips on getting deals during Black Friday blitz
Thu, 20 Nov 2014 19:48:23 GMT
Macy’s Reveals a Black Friday Giveaway with a Million Dollars in Prizes
Thu, 20 Nov 2014 16:05:00 GMT
Business Wire – Shoppers will have even more reasons to be excited during Macy's Black Friday Giveaway with a Million Dollars in Prizes in stores nationwide during doorbuster hours. Beginning at 6 p.m.
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