BATS:M   Macy's Inc

Stocks like Macy's usually move with IWM or smallcaps.

As you've seen the last 2yrs smallcaps have underperformed the market and
So has Macy's.

Over the next few weeks I think Macy's will make a return trio to the top of its channel an close gap at 19.50

Macy's broke out of a falling wedge with massive volume this week.

My first target is 16.70 price action

Last target is trendline resistance.

I like Mid Jan exp if your going for the entire move


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.