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

By Nick Russo

Macy'S Inc (:M) shares have crossed bullishly above their 10-day moving average of $24.99 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Macy'S Inc share prices have moved between a 52-week high of $41.99 and a 52-week low of $22.73 and are now trading 11% above that low price at $25.12 per share. The 200-day and 50-day moving averages have moved 0.64% lower and 0.36% 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 :m macy's inc

Ticker(s): M