Macy's,
Inc., together with its subsidiaries, operates stores and Internet
Websites in the United States. Its retail stores and Internet Web sites
sell a range of merchandise, including apparel and accessories for men,
women, and children; cosmetics; home furnishings; and other consumer
goods. The company also operates Bloomingdale's Outlet stores that offer
a range of apparel and accessories, including ready-to-wear, shoes,
fashion accessories, jewelry, handbags, and intimate apparel products.
As of January 28, 2012, it operated approximately 840 stores under the
names of Macy's and Bloomingdale's; and 7 Bloomingdale's Outlet stores,
as well as macys.com and bloomingdales.com. The company was formerly
known as Federated Department Stores, Inc. and changed its name to
Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1820 and is based
in Cincinnati, Ohio.
To review Macy's stock, please take a look at the 1-year chart of M (Macy's, Inc.) below with my added notations:
M has created a couple of important price levels to watch. First, M has
formed a clear resistance at $42 (navy), which would also be a 52-week
high breakout if M could manage to break above it. In addition, the
stock is climbing a short term, up-trending support level (red) over the
last (2) months. Eventually, M will have to either break the support or
the resistance.
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