Macy’s (M) Offering Possible 19.05% Return Over the Next 20 Calendar Days

Macy's's most recent trend suggests a bearish bias. One trading opportunity on Macy's is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 19.05% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $32.00 long call 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 64.99 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

3 Stocks That Could Struggle Amidst the Global Labor Shortage
Thu, 28 Oct 2021 12:30:00 +0000
With job openings at or near all-time highs in recent months, it's no surprise that some companies are going to have a harder time than others grappling with the ongoing labor shortage. In this segment of Backstage Pass, recorded on Oct. 15, Fool contributors Toby Bordelon, Trevor Jennewine, and Rachel Warren discuss three companies that could have a rocky road ahead. Toby Bordelon: Continuing with the food theme here, we had some tough news for Domino's. They reported earnings, I think it was last night, yesterday they reported earnings.

Macy’s Annual Believe Campaign Benefitting Make-A-Wish® Returns to Offer Customers the Opportunity to Send Letters and Deliver Wishes
Wed, 27 Oct 2021 15:20:00 +0000
NEW YORK, October 27, 2021–Macy’s (NYSE:M) announces the launch of its 14th annual Believe letter-writing campaign, in partnership with Make-A-Wish, giving believers of all ages the opportunity to send letters and deliver wishes. From Monday, Nov. 1 through Friday, Dec. 24, for every letter sent to Santa online at macys.com/believe or written at a Believe mailbox station located in Macy’s stores nationwide, Macy’s will donate $1 to Make-A-Wish, up to $1 million, to help children fighting critic

Macy’s, Inc. to Report Third Quarter Results on November 18, 2021
Wed, 27 Oct 2021 14:00:00 +0000
NEW YORK, October 27, 2021–Macy’s, Inc. to Report Third Quarter Results on November 18, 2021

Best Growth Stocks to Buy for October 26th
Tue, 26 Oct 2021 13:48:01 +0000
HCCI, M, and DVN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 26, 2021.

Emmy-Award Winning TV Host and Producer Jeannie Mai Launches Collection Exclusively for Macy’s
Mon, 25 Oct 2021 16:00:00 +0000
NEW YORK, October 25, 2021–Today, Jeannie Mai, Emmy-award winning TV Host of “The Real” and producer, launched a collection in collaboration with Macy’s (NYSE: M) private brand, I.N.C. International Concepts. Designed in partnership with Reunited Clothing, the Jeannie Mai x I.N.C. collection features new fall must-haves including elevated loungewear, suiting, knits and statement pieces. Available in sizes XXS to XXL with select pieces in plus and petite, customers can enjoy 19 trend-forward sty

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