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Macy's - Above Average Volume Detected

m New York, November 21st (TradersHuddle.com) - Unusual high volume detected on shares of Macy's, Inc. (NYSE:M) early in the trading session. The pace in volume of Macy's is already above average, with sellers in control, as the stock is 0.39% lower.

Macy's, Inc. (NYSE:M) operates department stores in the United States. The New York, NY based company also operates direct mail catalog and electronic commerce subsidiaries. Macy's retail stores sell a wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.

Macy's has already traded 1.016 times its 3-month average volume and has calculated support and resistance at $38.30 and $41.98 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading flat by 0% from its previous trading close, which means that Macy's stock is underperforming the overall market.

Technical Scans

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o Dow Jones 18,132.70 ▼81.72 (-0.45%)
o S&P 500 2,104.50 ▼6.24 (-0.30%)
o NASDAQ 4,963.53 ▼24.36 (-0.49%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,132.70 Trade time:4:29PM EST Value change:▼81.72 (-0.45%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,104.50 Trade time:4:29PM EST Value change:▼6.24 (-0.30%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,963.53 Trade time:5:15PM EST Value change:▼24.36 (-0.49%)

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