One of last year's best retail stocks is giving investors a 'great' buying opportunity, traders say

year to date with a 2.5% gain. The XRT, which tracks the broader retail sector, is down about 1.5% in 2020.

"As a value manager, I really want to like Macy's here, ... but it still feels like a value trap to me," she told CNBC'son Wednesday. "The model hasn't changed. The stores are tired. I tried to buy some stuff online over the holidays; it was not a fun experience." Matt Maley, chief market strategist at Miller Tabak and a longtime technical analyst, said the charts support Tengler's thesis.

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