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 6.38% return on risk over the next 23 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 $0.30 would be kept by the premium seller. The risk of $4.70 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 59.89 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
The future of the shopping mall is…the shopping mall
Thu, 28 Aug 2014 16:18:23 GMT
This traditional retailer might beat Amazon to same-day delivery
Thu, 28 Aug 2014 14:34:15 GMT
Plugged-In Over Preppy: Teenagers Favor Tech Over Clothes
Thu, 28 Aug 2014 00:36:50 GMT
Best Buy turnaround in place: Trader
Tue, 26 Aug 2014 16:24:00 GMT
Athleisure Wear Fad A Rapidly Growing, But Crowded Space
Tue, 26 Aug 2014 15:37:29 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook