jajlouny

M Potential Upwards Breakout From Wedge

Long
jajlouny Updated   
NYSE:M   Macy's Inc
Been on a clear upwards trend over the past 8-10 months. Posted big gains on Friday, looking for a breakout from the wedge on Monday. This stock frequently repeats big single day gains. Potential to break out into the $24 range next week.

Curious on other peoples thoughts.
Comment:
Did not break. Stock (and entire sector) is looking weak at the moment. This could go sideways for some time. Hard to tell imo. Needs a strong catalyst to move it up.
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