Macy's (M) Long and Short

Macy's tapped the midpoint. A return to $15.14 would setup a reliable auto-buy for round two. Sell 2 lots at the mid-point again.

The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.

Comment:

Great reentry at 15.14 and out of 1/2 at 15.67. We've erased any risk and hold 2 lots risk free for further gains.

Trade closed: target reached:

Took until July 11th but you could've reentered two additional times to double down.