Macy's, Inc. $M Power Gauge Bullish But Stock is Overbought - Take Partial Profits
The Chaikin Power Gauge RatingTM for Macy's, Inc. $M is very bullish due to very strong earnings performance, very bullish price/volume activity and very positive expert opinions. However, the stock is currently overbought.
M's earnings performance is very strong as a result of better than expected earnings in recent quarters and an upward trend in earnings this year.
Marc Chaikin is a recognized expert in stock market analysis. He developed computerized stock selection models for professional money managers as well as for individual investors. In addition, he pioneered and created the first real-time analytics workstation for portfolio managers and stock traders; his proprietary analytics are now part of Thomson Reuters’ institutional workstation.
Marc also created the widely-used Chaikin Oscillator and Chaikin Persistency of Money Flow, the basis of Investor’s Business Daily’s Accumulation/Distribution Rating. His indicators’ predictive value has made them de facto standards in most technical analysis software packages.