Retailer Macy's (M) reported its fourth-quarter results here on Tuesday morning and beat analyst expectations for earnings and revenue. In our Nov. 21 review of the charts and indicators of Macy's we wrote, "The fundamental story for M sounds like they have made a turnaround and comeback, and the stock price reflects it. Prices have reached a Point and Figure target and are what I would consider extended or overbought. This is the time to nail down profits on longs. You can still watch the parade on television but you will have money to splurge on holiday shopping if you so desire."
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