Nordstrom (JWN) Offering Possible 11.36% Return Over the Next 17 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 11.36% return on risk over the next 17 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 $0.51 would be kept by the premium seller. The risk of $4.49 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 22.57 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

An Activist Investor Wants to Break Up a Department Store Behemoth
Sat, 01 Dec 2018 13:10:00 +0000
Jonathan Litt of Land and Buildings Investment Management is calling for Hudson's Bay to sell off most of its brands and assets.

Retail Stocks Turn Tail on Tough Thursday
Fri, 30 Nov 2018 14:00:00 +0000
The retail rout continued on Thursday as some small specialty names and even larger department store chains suffered to varying degrees in the midst of what is expected to be a huge holiday shopping season.

Luxury on sale? 3 trades
Wed, 28 Nov 2018 23:37:00 +0000
The "Fast Money" traders give you 3 trades in the luxury retail sector after Tiffany reports weak numbers.

Final Trades: USB, AAPL & more
Tue, 27 Nov 2018 22:23:00 +0000
The "Fast Money" traders share their final trades of the day, including US Bancorp, Apple, the XLI industrials ETF and Nordstrom.

Cyber Monday on track for U.S. online shopping record
Mon, 26 Nov 2018 20:47:43 +0000
Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The marketing event was expected to pick up steam this evening as West Coast shoppers nab deals after work and those on the U.S. East Coast make purchases before bed, according to Adobe Analytics, which measures transactions from 80 of the top 100 U.S. retailers. “Many shoppers have waited on certain purchases, with three hours tonight expected to bring in as much revenue as an average full day,” said Taylor Schreiner, director of Adobe Digital Insights.

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