Macy's's most recent trend suggests a bearish bias. One trading opportunity on Macy's is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 11.11% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $60.00 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 58.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Macy's
How the Dow Jones industrial average did Wednesday
Wed, 29 Jan 2014 22:11:54 GMT
How the Dow Jones industrial average did Wednesday
Wed, 29 Jan 2014 22:11:54 GMT
AP – The Dow Jones industrial average slumped for the sixth day in seven Wednesday as stocks fell amid a mixture of concerns. Stocks fell early in the day as investors reacted to some lackluster earnings reports …
Brighter spring expected for retailers
Wed, 29 Jan 2014 19:26:38 GMT
Has Target Lost Its Momentum?
Tue, 28 Jan 2014 20:09:41 GMT
Zacks – Target has lost much of its momentum following the massive security breach and subsequent trimming of earnings guidance.
Macy's: A Top Retailer with Great Returns on Equity
Tue, 28 Jan 2014 13:34:34 GMT
Motley Fool – Macy's rewards its shareholders with a higher ROE than J.C. Penney, Kohl's, and Dillard's.
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