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Macy's Bullish Moving Average Crossover Alert (M)

By David Diaz

Today, shares of Macy's (NYSE:M) have advanced above their 10-day MA of $23.02 on a volume of 3.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Macy's has traded in a range of $21.51 to $73.61 and is now at $23.13, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Macy's on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $28.62. Since that call, shares of Macy's have fallen 20.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses macy's

Ticker(s): M