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Macy'S Inc Declining With Trend-Confirming Volume (M)

By Shiri Gupta

Shares of Macy'S Inc are trading today in above average volume, with the share price falling 16.7% to $16.12. Today's volume of 21.9 million shares tops the average 30-day volume of 7.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Macy'S Inc on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $32.11. Since that call, shares of Macy'S Inc have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Macy'S Inchas traded in a range of $15.82 to $41.99 and are now at $16.14. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.8%.

Keywords: unusual volume :m macy's inc

Ticker(s): M