Long Position on M @ $26.80 on 12/27/2017 (Momentum)

Macy's, Inc. (M) operates stores, Websites, and mobile applications.

Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.

The company also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

As of August 21, 2017, it operated approximately 700 department stores under the Macy’s and Bloomingdale’s brands; 150 specialty stores under the Bloomingdale's, The Outlet, Bluemercury, and Macy's Backstage brands in the United States, the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

In addition, it operates as a beauty products and spa retailer.

Shares have formed a bullish "Cup and Handle" and higher share prices are expected for this stock. Note the 200-day moving average shown in brown.

Entry Point: $26.80

52-Weeks Trading Range: $17.41 - $36.93

Stop Loss: $25.40

Target Price: $29.48

Updates

1/4/2018 11:44:27 AM

M closed at $25

Position closed on 1/4/2018 at price of $25.00 with a -6.72% loss in 8 days.

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