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Macy'S Inc Bearish Moving Average Crossover Alert (M)

By Amy Schwartz

Macy'S Inc (NYSE:M) crossed under its 10-day moving average of $35.96 on a volume of 902K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Macy'S Inc have traded between a low of $17.41 and a high of $41.99 and are now at $35.66, which is 105% above that low price. The 200-day and 50-day moving averages have moved 1.20% higher and 0.3% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Macy'S Inc and will alert subscribers who have M in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses macy's inc

Ticker(s): M