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garethtdavies
Jun 30, 2014 5:20 PM

Macy's underperforms broader market Short

Macy's IncNYSE

Description

Another chart that caught by eye as a big negative mover on the StockCharts Technical Rankings. I will look for confirmation for the price to move out of the symmetrical triangle that is forming but given its recent underperformance of the S&P I am again biased on the short side for this trade.
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