Bank of America Downgrades Macy's To Neutral

by Benzinga Staff
November 18, 2014 8:29 AM | 16 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Analysts at Bank of America downgraded Macy's (NYSE: M) from Buy to Neutral.The price target for Macy's is set to $65.Macy's shares have gained 22.22% over the past 52 weeks, while the S&P 500 index has surged 14.18% in the same period.Macy's shares dropped 0.89% to $61.06 in pre-market trading.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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