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Macy's Falling Today on Above-Average Volume (M)

By Shiri Gupta

The price of Macy's shares has climbed to $39.71 (a 16.8% change) on heavy trading volume. About 7.7 million shares have been traded today, as compared to the 30-day average volume of 3.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Macy's. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Macy's in search of a potential trend change.

Macy's share prices have moved between a 52-week high of $73.61 and a 52-week low of $29.94 and are now trading 33% above that low price at $39.71 per share. The 200-day and 50-day moving averages have moved 1.4% lower and 0.49% lower over the past week, respectively.

Keywords: unusual volume macy's

Ticker(s): M