There is a sizeable move coming in Nordstrom stock and it is imperative for investor confidence that it is a positive one. The indicators have gained some strength lately and a break of the RSI resistance would be very encouraging. It is noteworthy that the stock has had great difficulty crossing above the MA;s which are currently pinning the price down against the middle Bollinger Band, they next few days will define the direction of the stock for weeks to come.
AVERAGE ANALYSTS PRICE TARGET $38
AVERAGE RECOMMENDATION HOLD
P/E RATIO 10
SHORT INTEREST 21%
COMPANY PROFILE
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes and accessories. It operates through the following business segments: Retail, Credit and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.
AVERAGE ANALYSTS PRICE TARGET $38
AVERAGE RECOMMENDATION HOLD
P/E RATIO 10
SHORT INTEREST 21%
COMPANY PROFILE
Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes and accessories. It operates through the following business segments: Retail, Credit and Corporate/Other. The Retail segment manages physical stores and online shops. The Credit segment offers a range of payment options to customers. The Corporate/Other segment includes sales return reserve, expenses, and assets. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.