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

By Nick Russo

Today, shares of Macy'S Inc (NYSE:M) have crossed bullishly above their 10-day moving average of $33.41 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $33.57, which is 93% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has risen 0.3%.

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