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...
Nordstrom has had a strong bounce about here in the past, although currently it is seen as a strong sell by most given the strong downtrend; but, It's definitely worth watching given the current technicals....PLUS their Earnings Report is expected tonight after hours. "If" they do well it could be big....you have an hour to find out all you can before the closing...
If we needed any more reason to stay clear of NYSE:JWN, today's results from NYSE:KSS have rubber stamped the short thesis on the stock.
The stock has acted terribly for the past few months, indeed years and selling has really ramped up into earnings which is a alarming pattern.
We can not find anything positive to cling onto and if $36 fails to hold a real...
NYSE:JWN
WHY
- bullish bar piercing through strong support level and converging 25 and 50 MAs that are converging and trending above 200MA
- price retracing correctively to 50 strong support level on 1H
- the M chart shows classical ABC expanded flat correction in the making
HOW
I am...
Nordstrom, Inc. is a fashion specialty retailer in the United States. The Company offers private labeled apparel, shoes, cosmetics and accessories for women, men, young adults and children. The Company serves customers through retail segment, which includes Full-Price and Off-Price businesses. The Company’s operations consist of its Nordstrom U.S. and Canada full-line stores, the United States and Canada Nordstrom Rack stores, Jeffrey boutiques, Last Chance clearance stores, Trunk Club clubhouses and Nordstrom Local. Additionally, the Company’s customers are also served online through Nordstrom.com, Nordstromrack.com, HauteLook and TrunkClub.com.
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JWN
