Well $8 was a really optimistic target price. From the resistance level I just drawn on the chart I think Macy’s is having trouble to further it’s gain. I am playing extremely safe for this stock because of the uncertainties involved, so I am cashing out 80% of my long positions and watch on the sidelines. And remember guys, trade Macy’s with OPTIONS only! Please don’t but with stocks! it’s just TOO dangerous.
