Macy’s, Inc. (NYSE: M) – This retailer operates 850 department stores under the Macy’s and Bloomingdale’s names.
The stock has been climbing its 50-day moving average since September. In the past month, it has twice tried to break to new highs and is now accelerating its upside volume for a final push through a triple-top.
S&P rates the stock a “four-star buy” with a price objective of $29. However, the technical target could be as high as $34.
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