M (Macy's) Poised for Upside Acceleration?

Macy's, Inc. (M) is perched atop its 4-month base-accumulation pattern, which also means that it is poised for upside acceleration towards my two optimal target zones at 45.00/50, and then 49-50.

As long as any forthcoming weakness is contained above 40.00, M has the right look of a recovery rally continuation period.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!