Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $22.50 short put and a strike $17.50 long put offers a potential 9.89% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $22.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $17.50 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 below 20 which suggests that the stock is in oversold territory.
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
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Thu, 25 May 2017 22:06:00 +0000
The sales numbers for department stores look bad right now, but behind the scenes, several top companies in the sector are making promising changes.
How Walgreens And T.J. Maxx Are Winning With Minimal Online Sales
Thu, 25 May 2017 17:27:00 +0000
Retailers' efforts to beat Amazon at its online game are taking a big bite out of their profit margins. T.J. Maxx and Walgreens are reaping the benefits of sitting out the fight.
Will Amazon's Bookstores Thrive in New York City?
Wed, 24 May 2017 19:49:07 +0000
E-commerce giant Amazon.com (AMZN) is set to open its first bookstore in New York City tomorrow, bringing the total number of physical bookstore locations for the company to seven.
Macy's Reaps a Windfall From Its Real Estate
Wed, 24 May 2017 15:32:00 +0000
In the face of challenging retail sales trends, Macy's is starting to get serious about monetizing its real estate.
Q1 Earnings Fail to Revitalize Retail ETFs
Wed, 24 May 2017 14:47:02 +0000
Slew of negative earnings report led to terrible trading in retail ETFs over the past 10 trading sessions.
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