• Return to Headlines

Macy'S Inc (M) Crosses Pivot Point Resistance at $33.91

By Amy Schwartz

Shares of Macy'S Inc (NYSE:M) opened today above their pivot of $32.66 and have already reached the first level of resistance at $33.91. Analysts will be watching for a cross of the next upside pivot targets of $34.65 and $36.64.

Over the past year, Macy'S Inc has traded in a range of $17.41 to $45.41 and is now at $33.67, 93% above that low. The 200-day and 50-day moving averages have moved 1.4% lower and 0.49% lower over the past week, respectively.

Macy'S Inc (NYSE:M) is currently priced 10.0% above its average consensus analyst price target of $30.29. The stock should find initial resistance at its 50-day moving average (MA) of $42.24 and further resistance at its 200-day MA of $46.79.

SmarTrend recommended that subscribers consider buying shares of Macy'S Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.13. Since that recommendation, shares of Macy'S Inc have risen 27.0%. We continue to monitor M for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts macy's inc

Ticker(s): M