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After Yesterday's Decline of 2.18%, Macy'S Inc Offers Investors Better Value

By Nick Russo

Macy'S Inc (:M) traded in a range yesterday that spanned from a low of $14.84 to a high of $15.16. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $15.20 on volume of 9.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Macy'S Inc have traded between a low of $14.11 and a high of $35.06 and are now at $15.40, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.4%.

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: rebounders :m macy's inc

Ticker(s): M