Macy's is roaring back! 🛍️ That earnings beat and raised outlook are the real deal, sparking a monster rally. The chart shows the stock catching its breath after the pop, which is healthy. But the RSI is still screaming overbought near 72 – everyone who wanted in might already be in. This feels like a "wait for the pullback" moment. The news is fantastic, but the surge looks a bit tired. HOLD for a better entry. #RetailRevival

Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.

Macy's, Inc. M: 17.43 USD

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