Macy's Trades Above 50 & 100-Day SMAs: Key Insights for Investors

Macy’s, Inc. (M) has demonstrated strong upward momentum, trading above its 50 and 100-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $16.82, above its 50 and 100-day SMAs of $15.93 and $15.62, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, reflects positive market sentiment and investor confidence in Macy's financial stability and growth pote ...