Macy’s stock dropped 50% from its 2015 top to the 2015 lows. Over the past few weeks the stock began to form a more promising near to medium-term bottom and even showed some relative strength versus the broader market. While not out of the woods yet in the longer-term, the stock is positioned well for a further move higher in the near-term.
Watch the video to see the good reward to risk trade that I now see setting up in Macy’s stock.
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