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 9.65% 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 $0.44 would be kept by the premium seller. The risk of $4.56 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 46.16 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
Cramer: One of the most exciting stocks I've seen
Fri, 19 Dec 2014 00:00:00 GMT
Macy’s Sets New GUINNESS WORLD RECORDS® Title for the Longest Wish List to Santa
Thu, 18 Dec 2014 14:18:00 GMT
Business Wire – With hearts full of joy and hope during the holiday season, Macy’s customers wished big this year! Through the new online letter collection component of Macy’s Believe campaign, customers were able to create and send a digital letter to Santa to benefit Make-A-Wish while having the opportunity to participate in Macy’s GUINNESS WORLD RECORDS official attempt for the longest wish list to Santa.
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Thu, 18 Dec 2014 13:04:53 GMT
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Wed, 17 Dec 2014 19:07:00 GMT
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Tue, 16 Dec 2014 17:34:00 GMT
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