Should be strong day for Macy's and sector (Kohls up 6.5--7.5% in the premarket)
Also a lot of press attention last night and double the normal volume on up day. Looks like we could break out to the upside this week.
Strong dividend increase will give fuel too! Macy’s announced a dividend of $0.25 with a Dividend Ex. Date of June 12. That’s a 25-percent increase versus the previous dividend of $0.2. The new dividend yield is 1.7 percent.
Very strong momentum and Macy's is eating competitors lunch. Full steam ahead and congrats to longs!