Macy's's most recent trend suggests a bearish bias. One trading opportunity on Macy's is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 6.16% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock rose above the $63.00 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 44.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
In San Jose, higher minimum wage pays benefits
Sat, 14 Jun 2014 15:50:16 GMT
USA TODAY – Silicon Valley city's minimum wage is over $10 an hour, up from $8 in early 2013.
Macy's Stores Nationwide to Broadcast National Anthem in Salute of Flag Day Celebration for the 200th Anniversary of “The Star Spangled Banner”
Sat, 14 Jun 2014 11:00:00 GMT
PR Newswire – NEW YORK, June 14, 2014 /PRNewswire/ — On Saturday, June 14th, Macy's will join the Smithsonian's National Museum in celebrating the 200th Anniversary of “The Star Spangled Banner” with an all-star salute to the red, white and blue at all full-line stores. This Flag Day, all Macy's stores from coast-to-coast will play the national anthem at 4PM EDT, supporting the Smithsonian's “Raise it Up” Anthem for America concert to create a moment of national unity by complementing the live musical sing-along event staged from the National Mall in Washington, DC. Playing in Macy's stores will be the exclusive recording of “The Star Spangled Banner” by Pat Monahan of the pop rock band Train. Currently, Macy's is celebrating all things American from its people and places to the pastimes that make this country great with its “American Icons” campaign.
Collision of tech and retail
Fri, 13 Jun 2014 14:43:00 GMT
Macy’s Stores Nationwide to Broadcast National Anthem in Salute of Flag Day Celebration for the 200th Anniversary of “The Star Spangled Banner”
Thu, 12 Jun 2014 20:13:00 GMT
Business Wire – On Saturday, June 14, Macy’s will join the Smithsonian’s National Museum in celebrating the 200th anniversary of “The Star Spangled Banner” with an all-star salute to the red, white and blue at all full-line stores.
Beyond the tie: Smart shopping for Father's Day
Thu, 12 Jun 2014 18:17:23 GMT
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