26.10.2015 - We expect the price decline of Macy's

The price of Macy's after a long consolidation near the level of 50.00, was able to continue the downward movement within the descending channel and reached the support at 48.00. In case of the continuation of negative dynamics quotations will fall to the target marks on 45.50 and 43.30. Within the correction, quotations may get back to the levels of 50.00 and 52.00, or the upper boundary of the descending channel. We expect a continuation of current negative dynamics in the near future and in the medium term.

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