Macy’s (M) preview for April 13, 2015

After marking a new all time high last Wednesday, Macy’s shares had a big down day on Thursday, to close the week with a gap up on Friday. The trend is still up but support @ $68 needs to hold. This was the old all time high from January. $66 also offers nice support from the January and March local highs.

M shares (4 months)

m2

Chart from Stockcharts.com

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