Nordstrom (JWN) Offering Possible 10.38% Return Over the Next 16 Calendar Days

Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 10.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $45.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nordstrom is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nordstrom is bullish.

The RSI indicator is at 24.74 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Nordstrom

Edited Transcript of JWN earnings conference call or presentation 15-Nov-18 9:45pm GMT
Tue, 04 Dec 2018 01:17:22 +0000
Q3 2018 Nordstrom Inc Earnings Call

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Fri, 30 Nov 2018 14:00:00 +0000
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