09.01.2015 - The price of Macy's continues to grow within the channel

Macy's stock price began to rise sharply after a rebound from the bottom of the rising channel. At the moment, the price has overcome the local maximum of 66.00 and has continued to grow. According to our estimates, quotes will continue to rise in the near future with the objectives of 70.00 and 72.50. Fall is limited by the level of 64.00 and the lower boundary of the channel. We expect the growth in the medium term.

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