Macy's (M) Long and Short
Updated
Macy's tapped the midpoint. A return to $15.14 would setup a reliable auto-buy for round two. Sell 2 lots at the mid-point again.
The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
Note
Great reentry at 15.14 and out of 1/2 at 15.67. We've erased any risk and hold 2 lots risk free for further gains.Trade closed: target reached
Took until July 11th but you could've reentered two additional times to double down.
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