M - breaking new historic highs

With the broader market starting to push back higher, Macys (M) continues to regularly break new historic highs, settling +4.0% @ $67.51. There is core support around $60, with the giant $100 threshold very viable in late 2015/early 2016.


M, daily

M, monthly, 20yr

Summary

Seen on the giant monthly cycle, the broader upward trend is starkly clear... having risen from a bizarre low of $4.52 in Nov'2008. Interestingly (like a fair few stocks)... Macys put in a marginally higher low in March 2009.. whereas the main market put in a final low of sp'666.

The giant $100 threshold is a bold upside target... but if you agree with sp'2500.. if not 3k, as viable before the current multi-year cycle is complete.. then M @ $100 is viable.