Good risk/reward with stop not far below $14. Strong growth potential and last earnings report showed the story is real, with profitability this year. Company is exposed to growing use of natgas as a fuel for buses and trucks, which is growing fast -- especially in China and India.
The chart has also broken the downtrend and has been showing bullish divergence
Macy's is trying to break a consolidation phase in place since March. With a shift toward consumer discretionary underway, this stock could run if it breaks this March-April resistance line.
