Macy's's most recent trend suggests a bullish bias. One trading opportunity on Macy's is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 10.13% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $44.00 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 75.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
Some retailers to let workers carve out Thanksgiving time
Wed, 20 Nov 2013 23:46:09 GMT
USA TODAY – Nordstrom, T.J. Maxx, Home Depot see advantages in not opening on the holiday
Bull market always has skeptics: Cramer
Wed, 20 Nov 2013 23:00:00 GMT
CNBC – Despite the wave of negativity that swept today's markets following the release of Fed minutes, Mad Money host Jim Cramer still thinks we are in a bull market.
How the Dow Jones industrial average did Wednesday
Wed, 20 Nov 2013 22:22:45 GMT
How the Dow Jones industrial average did Wednesday
Wed, 20 Nov 2013 22:22:45 GMT
AP – The latest news from the Federal Reserve spooked investors Wednesday. Stock and bond prices fell after minutes from the Fed's latest meeting showed that the U.S. economy was improving steadily enough to …
Macy's CEO Presents at Morgan Stanley Global Consumer Conference (Transcript)
Wed, 20 Nov 2013 21:48:09 GMT
Seeking Alpha – Kimberly C. Greenberger – Morgan Stanley & Co. LLC Okay. Great, thanks so much, Terry. The question that I always get from investors on the key – three key strategies; first of all, they’re quick to acknowledge …
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