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MACY'S INC COM STK USD0.01MACY'S INC COM STK USD0.01MACY'S INC COM STK USD0.01

MACY'S INC COM STK USD0.01

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0JXD trade ideas

Macy's? I'm Long LmaoKinda doing this one for fun, it's cheap with low risk. (Tight stop). Macy's is at a pivotal point, and is trying to reverse the bear trend, which is still apparent on the weekly chart. Fundamentally, it's a dead business, with -$259M in revenue and with insiders owning only 0.12% of shares. Long term is still bearish but I think price action is just doing it's thing on the daily. Also was this stock targeted by the short squeeze crowd before? Regardless I just think the chart looks kinda neat on the daily lol.
NYSE:MLong
by barrycharts
1
Offshore: Monitoring Macy's (M)The share has been consolidation in a sideways range since late February, with a series of high lows and lower highs resulting in a medium term pennant formation. Recently, we saw the share run into earnings after which it has been in a short term low volume consolidation . For the buy/long to have conviction we will have to see candles with wider ranges pushing into the overhead resistance. This will also signal expansion away from the moving averages, which is a typical feature of a break-away move. (A great example of this locally was Absa Group JSE:ABG over the last week or so. Provisional Trade Levels: Current: $18.40 Initial Accumulation (Moderate Size): $18.40-$18.80 then add on a break above $19.30 . Stop-loss: $17.30 Target Range: $21.30-$22.40
NYSE:MLong
by LD_Perspectives
Are the Bulls Shopping at Macy’s? Macy’s has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer’s chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in the towel. Next is the rising 50-day simple moving average (SMA), which M has also held. In addition to the 50-day SMA, prices are now crossing back above the 8- and 21-day exponential moving averages (EMAs). That could indicate the shorter-term trend is turning more positive. Finally, the macro backdrop is potentially favorable. One thing is the obvious boost to retail from the economy reopening. Companies with lots of debt and short interest can also benefit as extreme fear unwinds. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:MLong
by TradeStation
1