Macy’s (M) Offering Possible 31.23% Return Over the Next 6 Calendar Days

view original post

Macy’s’s most recent trend suggests a bullish bias. One trading opportunity on Macy’s is a Bull Put Spread using a strike $29.50 short put and a strike $24.50 long put offers a potential 31.23% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock dropped below the $24.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Macy’s is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Macy’s is bullish.

The RSI indicator is at 71.81 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Macy’s

Dillard’s Stock Hits Record High On Earnings, As Retailers Brace For Holidays
Thu, 11 Nov 2021 21:09:39 +0000
Dillard’s stock jumped on Thursday, after the department-store chain reported third-quarter results that beat expectations.

Thinking About Buying Stock In Affirm, GoPro, Macy’s, GM, ContextLogic Or Bumble?
Thu, 11 Nov 2021 15:29:16 +0000
One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving. Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders. Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends. Credit Suisse

Rite Aid (RAD) Stock Dips 13% YTD: Can It Get Back on Track?
Thu, 11 Nov 2021 15:10:03 +0000
Strength in online services and the PBM market will likely aid Rite Aid (RAD) in the times ahead. However, higher costs related to the Bartell acquisition and COVID-19 vaccines remain concerning.

Buy the Dip: Retail, Roku and More
Wed, 10 Nov 2021 19:27:00 +0000
This week in Buy the Dip, TheStreet’s stock market gurus are looking at the retail sector to start, with a few big names added to the BTD mix as November kicks into high gear. One sector that should benefit from both the recent upbeat jobs report and the upcoming holiday season is retail, where the benchmark S&P Retail SPDR exchange-traded fund has been gaining ground after a relatively quiet Q2 and Q3. TheStreet’s Ed Ponsi said that retail stocks enjoyed a stellar 2020, XRT gaining 41.83%.

Macy’s (M) Boosts Staff’s Morale Via Wage Raise & Benefits
Wed, 10 Nov 2021 18:32:06 +0000
Macy’s (M) makes constant efforts to boost guests’ shopping experiences. Also, the company unveils benefits programs for its colleagues.

Be Sociable, Share!

Related Posts