Macy’s Inc. stock trades under the ticker M & has shown recent bullishness that traders & investors should research further into.
M stock closed at $18.80/share on 3/3/2023.
Macy’s Inc. M Stock’s Technical Performance Broken Down
M Stock Price: $18.80
10 Day Moving Average: $17.58
50 Day Moving Average: $20.76
200 Day Moving Average: $19.45
RSI: 48.82
MACD: -0.905
Yesterday, M stock completed a bullish MACD crossover, gaining +7.49% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior, but there is uncertainty in yesterday’s doji candlestick.
M stock has support at the $18.69, $18.42 & $18.34/share price levels, as they look to break out above the $19.12, $19.23 (2 points in last 52 weeks) & $19.45 (200 day moving average).
Macy’s Inc. M Stock As A Long-Term Investment
Long-term oriented investors will like M stock’s 3.24 P/E (ttm).
They recently reported -4.5% Quarterly Revenue Growth Y-o-Y, with -31.5% Quarterly Earnings Growth Y-o-Y, which will require a closer examination.
Their balance sheet also will require a more thorough review, with $862M of Total Cash (mrq) & $6.4B of Total Debt (mrq).
M stock pays a 3.6% dividend, which appears to be sustainable in the long-run, as their payout ratio is 15.04%.
85.67% of M stock’s outstanding share float is owned by institutional investors.
Macy’s Inc. M Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from M stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $18, $17 & $14 call options are all in-the-money, listed from highest to lowest level of open interest.
The $19, $20 & $23 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
M stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their dividend yield, but may want to look closer into their balance sheet & recent growth troubles.
Traders will like their liquid options & recent technical performance.
Overall, it is worth taking a closer look into how M stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN M STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***