Nordstrom (JWN) Offering Possible 16.55% Return Over the Next 7 Calendar Days

Nordstrom's most recent trend suggests a bullish bias. One trading opportunity on Nordstrom is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 16.55% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $57.50 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 70.07 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

What Could Hurt Nordstrom’s Q3 Earnings?
Wed, 07 Nov 2018 19:05:02 +0000
Will Nordstrom Continue Its Growth Streak in the Third Quarter? Nordstrom (JWN) has exceeded analysts’ earnings expectations in eight of the past ten quarters. The company’s adjusted EPS easily surpassed analysts’ EPS estimates in the first two quarters of fiscal 2018.

Why Nordstrom’s Operating Margin Could Fall in the Third Quarter
Wed, 07 Nov 2018 17:35:02 +0000
Will Nordstrom Continue Its Growth Streak in the Third Quarter? Nordstrom’s (JWN) gross and operating margin expanded in the first half of fiscal 2018, which ended on August 4. Nordstrom’s gross margin grew 39 basis points to 34.5% in the first half of fiscal 2018.

What Analysts Expect from Nordstrom’s Third-Quarter Revenue
Wed, 07 Nov 2018 16:06:41 +0000
Will Nordstrom Continue Its Growth Streak in the Third Quarter? The company’s revenue growth rates in the first two quarters were quite an improvement compared to the 3.2% and 3.9% rise in the first and second quarters of fiscal 2017, respectively. Nordstrom’s revenue includes its retail net sales and credit card revenue. In the second quarter of fiscal 2018, Nordstrom’s revenue grew 7.2% to $4.07 billion and exceeded analysts’ expectation of $3.96 billion.

Will Nordstrom Continue Its Growth Streak in the Third Quarter?
Wed, 07 Nov 2018 16:00:23 +0000
Nordstrom (JWN) investors are looking forward to the company’s results for the third quarter of fiscal 2018, which ended on November 3. Nordstrom delivered strong results in the first two quarters of fiscal 2018. Nordstrom stock has risen about 29% since the second-quarter results were declared in August.

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Tue, 06 Nov 2018 16:05:41 +0000
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