Macys Inc (M)

[annabelletrader]

There is a quick trade setup next week where investors and traders can make a fast score. It involves Macy's Inc (NYSE:M) and triggers upon a break above the $30 level. On the stock chart, you can clearly see that the $30 level was significant. If was the start of a recent collapse on Macy's Inc stock. Therefore, if buyers are able to crack that level, it will trigger buy programs and short covering, shooting it higher for a day or two. Again, it is so important that investors understand when this setup is an actual actionable trade. ONLY when it cracks $30 to the upside do you buy. As long as it stays below $30, you avoid it. The upside on this trade is $32 and will likely be achieved within days of the $30 break. On the other side, if it breaks above $30 and closes the day back below $30, exit immediately. This keeps the risk extremely small while giving great upside potential. Enjoy this setup going into the weekend. Get my live trades, verified entries, stops and targets by opting-into live on Verified Investing. Have a great weekend.