Macy’s (NYSE: M) surged 133% in 2021. The stock price of Macy’s reached a fresh 52-week high of $37.95 on November 18th, 2021. Since then, the stock struggled to find the upside momentum and dropped back to near $20. After several weeks of a downside move, the stock finally jumped 18% on Jan 24th, 2022, and the stock held above the lower trendline.
Read the detailed report here- https://gulfbrokers.com/en/macys-m-held-the-lower-trendline-what-next