Breakout

Still some upside room

November 20, 2023 · 8:10 AM

Shares of Macy's have reversed, and still have room to fill its previous gap with the point of control around $16

Our trade in Macy's (M) ended at the close on Friday, but the stock has made a reversal and still has room to fill its previous gap. As long as it holds ~$14, a move much closer to $16, the point of control, appears reasonable.