Macy's, Inc. : An opportune reversal
By Josselin Giraud
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$38.1 | $0 | $35.4 | -100% |
Macy's is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.
Investor should watch the security close to USD 37.5 to take advantage of a new upward acceleration in the direction of USD 41.7. A stop loss is placed under USD 37.5.