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After Yesterday's Decline of 2.34%, Macy'S Inc Offers Investors Better Value

By David Diaz

Macy'S Inc (NYSE:M) traded in a range yesterday that spanned from a low of $31.25 to a high of $31.96. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $32.33 on volume of 2.7 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, Macy'S Inc share prices have been bracketed by a low of $22.47 and a high of $41.99 and are now at $31.66, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 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: rebounders macy's inc

Ticker(s): M