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Next Resistance Level for Macy'S Inc (M) is $33.59

By Shiri Gupta

Shares of Macy'S Inc (NYSE:M) opened today above their pivot of $32.94 and have already reached the first level of resistance at $33.17. Should the shares continue to rise, the resistance pivots of $33.59 and $34.24 will be of interest.

Based on a current price of $33.48, Macy'S Inc is currently 9.5% above its average consensus analyst price target of $30.29. The stock should find resistance at its 50-day moving average (MA) of $36.27, as well as support at its 200-day MA of $32.53.

Over the past year, Macy'S Inc has traded in a range of $17.41 to $41.99 and is now at $33.48, 92% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has risen 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: pivot alerts macy's inc

Ticker(s): M