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Possible Trend Reversal, Macy'S Inc Down on Heavy Volume (M)

By James Quinn

Shares of Macy'S Inc are trading up 7.6% to $32.21 today on above average volume. Today's volume of 9.9 million shares tops the average 30-day volume of 3.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 14.6%. We continue to monitor M for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Macy'S Inc share prices have moved between a 52-week high of $45.41 and a 52-week low of $17.41 and are now trading 85% above that low price at $32.21 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.4%.

Keywords: unusual volume macy's inc

Ticker(s): M