Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 12.87% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $60.00 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 64.33 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Macy's
What Positions Did TPG-Axon Management Add in 4Q14?
Mon, 13 Apr 2015 19:31:05 GMT
Big retail vs. NY Attorney General
Mon, 13 Apr 2015 17:01:00 GMT
Gap's tale of 2 brands shows how broke Americans really are
Sat, 11 Apr 2015 10:06:00 GMT
Street Talk: GM, SLB, M, GRMN & KYTH
Fri, 10 Apr 2015 18:32:00 GMT
Macy's bulls shopping for new highs
Fri, 10 Apr 2015 16:10:13 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook